XML 20 R33.htm IDEA: XBRL DOCUMENT v2.4.0.8
Derivative Financial Instruments (Tables)
 3 Months Ended
Mar. 31, 2014
Gain or Loss Recognized in Financial Statements on Interest Rate Derivatives Designed as Cash Flow Hedges

The table below details the location in the financial statements of the gain or loss recognized on interest rate derivatives designed as cash flow hedges for the three months ended March 31, 2014 and 2013, respectively (in thousands):

 

     2014     2013  

Amount of gain (loss) recognized in accumulated other comprehensive income on interest rate derivatives (effective portion)

    $ (147 )    $ (1 ) 
  

 

 

    

 

 

  

Amount of gain (loss) reclassified from accumulated other comprehensive income into income as interest expense (effective portion)

    $ 2      $ —     
  

 

 

    

 

 

  

Amount of gain (loss) recognized in income on derivative (ineffective portion and amount excluded from effectiveness testing)

    $ —        $ —     
  

 

 

    

 

 
Designated as Hedging Instrument [Member]
  
Interest Rate Derivatives Designated and Non Designated

The table below presents information about the Trust’s interest rate caps and swaps that are included on the consolidated balance sheet that were designated as cash flow hedges of interest rate risk at March 31, 2014 (in thousands):

 

Maturity

    Strike Rate     Notional
Amount of
Hedge		      Cost of
Hedge		      Estimated Fair
Value of Hedge		     Change in Hedge
Valuations Included
in Other
Comprehensive
Income for the Three
Months Ended
March 31, 2014		  

Aug 2014

      0.50 %    $ 13,052       $ 22       $ —        $ 2   

May 2016

      0.50 %      42,193         —           (48 )      (16 ) 

Oct 2016

      0.69 %      150,000         —           (141 )      (55 ) 

Nov 2017

      4.00 %      50,000         165         172        (38 ) 

Nov 2018

      5.00 %      50,000         220         186        (38 ) 
Not Designated as Hedging Instrument [Member]
  
Interest Rate Derivatives Designated and Non Designated

The table below presents information about the Trust’s interest rate caps and swaps that were not designated as cash flow hedges (in thousands):

 

Maturity

    Strike Rate     Notional
Amount of
Hedge		      Cost of
Hedge		      Estimated Fair
Value		      Change in Hedge
Valuations Included in
Interest Expense for
the Three Months
Ended March 31, 2014		  

May 2014

      1.75 %    $ 51,982       $ 434       $ —         $ —     

Oct 2014

      1.00 %      5,753         174         —           —     

Aug 2015

      3.00 %      25,500         10         10         —