Derivative Instruments, Hedging Activities and Accumulated Other Comprehensive Income (Tables)

6 Months Ended

Jun. 30, 2013

Derivative Instruments, Hedging Activities and Accumulated Other Comprehensive Income [Abstract]

Schedule of derivative financial instruments as well as its classification on the consolidated balance sheet

The table below presents the fair value of the Company’s derivative financial instruments as well as its classification on the consolidated balance sheet as of June 30, 2013 and December 31, 2012 (in thousands; amounts in parentheses indicate debits):

	Derivatives
		Fair Value as of
	Balance Sheet	June 30,				December 31,
	Location	2013				2012
Derivatives not designated as hedging instruments:
Interest rate swaps	Accrued liabilities and other		$	33			$	239
Total derivatives not designated as cash flow hedges			$	33			$	239
Derivatives designated as hedging instruments:
Interest rate swaps	Accrued liabilities and other		$	1,561			$	1,613
	Deferred charges and other assets, net			(5,628	)			(177	)
Total derivatives designated as hedging instruments			$	(4,067	)		$	1,436

Schedule of accumulated other comprehensive income (loss)

The table below presents change in accumulated other comprehensive income by component for the six months ended June 30, 2013 (in thousands; amounts in parentheses indicate debits):

	Gains and (Losses) on Cash Flow Hedges			Income Taxes			Accumulated Other Comprehensive  Income(Loss)
Balance as of December 31, 2012	$	(1,436	)	$	573		$	(863	)
Other comprehensive income before reclassifications		4,698			(1,875	)		2,823
Amounts reclassified from accumulated other comprehensive income (to interest expense)		805			(321	)		484
Net current period other comprehensive income		5,503			(2,196	)		3,307
Balance as of June 30, 2013	$	4,067		$	(1,623	)	$	2,444