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Derivative Instruments, Hedging Activities and Accumulated Other Comprehensive Income (Tables)
 6 Months Ended
Jun. 30, 2014
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, 2014 and December 31, 2013 (in thousands; amounts in parentheses indicate debits):

 
Derivatives
 
 
  
 
Fair Value as of
 
Balance Sheet Location
 
June 30, 2014
  
December 31, 2013
 
 
 
  
 
Derivatives designated as hedging instruments:
 
  
 
Interest rate swaps
Accrued liabilities and other
 
$
1,613
  
$
1,590
 
 
Deferred charges and other assets net
(3,846
)
(5,926
)
Total derivatives designated as hedging instruments
 
$
(2,233
)
 
$
(4,336
)
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, 2014 (in thousands):

 
 
Gains and (Losses) on Cash Flow Hedges
  
Income Tax Expense (Benefit)
  
Accumulated Other Comprehensive Income (Loss)
 
 
 
  
  
 
Balance as of December 31, 2013
 
$
4,336
  
$
(1,742
)
 
$
2,594
 
Other comprehensive income before reclassifications
  
(2,957
)
  
1,184
   
(1,773
)
Amounts reclassified from accumulated other comprehensive income (to interest expense)
  
854
   
(341
)
  
513
 
Net current period other comprehensive income (loss)
  
(2,103
)
  
843
   
(1,260
)
Balance as of June 30, 2014
 
$
2,233
  
$
(899
)
 
$
1,334