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Derivative Financial Instruments and Hedging Activities (Policy)
6 Months Ended
Jun. 30, 2013
Derivative Financial Instruments and Hedging Activities [Abstract]  
Derivatives, Methods of Accounting, Hedging Derivatives [Policy Text Block]

The Company does not purchase or hold any derivative financial instruments for trading purposes.

 

At contract inception, the Company designates its derivative instruments as hedges.  The Company recognizes all derivative instruments on the balance sheet at fair value.  Fluctuations in the fair values of derivative instruments designated as cash flow hedges are recorded in accumulated other comprehensive (loss) income and reclassified into earnings within other income as the underlying hedged items affect earnings. To the extent that a change in the derivative does not perfectly offset the change in value of the risk being hedged, the ineffective portion is recognized in earnings immediately.