XML 67 R26.htm IDEA: XBRL DOCUMENT v2.4.0.8
Capital and Financing Transactions (Tables)
 6 Months Ended
Jun. 30, 2014
Capital and Financing Transactions [Abstract]  
Schedule of revolving credit facilities and term loans
The following table summarizes the Company's notes payable to banks:
Credit Facilities and Term Loans
 
Interest Rate
 
Initial Maturity
 
Outstanding Balance
 
 
 
 
 
 
(in thousands)
$10.0 Million Unsecured Working Capital Credit Facility
 
1.60%
 
03/30/2018
 
$
—

$250.0 Million Unsecured Revolving Credit Facility
 
1.60%
 
03/30/2018
 
27,000

$250.0 Million Five-Year Term Loan
 
2.51%
 
03/29/2019
 
250,000

$100.0 Million Seven-Year Term Loan
 
4.31%
 
03/31/2021
 
100,000

 
 
2.91%
(1)
 
 
$
377,000

(1)
Represents a weighted average interest rate.
Schedule of the effect on consolidated statements of operations and comprehensive income (loss)
The table below presents the effect of the Company's derivative financial instruments on the Company's consolidated statements of operations and comprehensive income (loss) for the three and six months ended June 30, 2014 and 2013 (in thousands):
Derivatives in Cash Flow Hedging Relationships (Interest Rate Swaps)
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2014
 
2013
 
2014
 
2013
Amount of gain (loss) recognized in other comprehensive loss on derivatives
 
$
(6,235
)
 
$
5,992

 
$
(7,874
)
 
$
6,481

Amount of loss reclassified from accumulated other comprehensive loss into interest expense
 
(2,077
)
 
(1,533
)
 
(3,530
)
 
(2,810
)
Amount of loss recognized in income on derivatives (ineffective portion, reclassifications of missed forecasted transactions and amounts excluded from effectiveness testing)
 
(197
)
 
(386
)
 
(197
)
 
(386
)