Comprehensive Income and Accumulated Other Comprehensive Loss

6 Months Ended

Jun. 30, 2011

Comprehensive Income and Accumulated Other Comprehensive Loss

Comprehensive Income and Accumulated Other Comprehensive Loss

6. Comprehensive Income and Accumulated Other Comprehensive Loss

The following table presents the components of comprehensive income (in thousands):

	Three Months Ended June 30,					Six Months Ended June 30,
	2011			2010		2011			2010
Net income	$	5,795		5,663		$	10,609		10,325
Reclassification to interest expense	404			462		818			938
Deferred tax benefit (expense)	90			251		(73		)	345
Mark-to-market of interest rate hedge	(650		)	(1,153	)	(618		)	(1,888	)
Comprehensive income	$	5,639		5,223		$	10,736		9,720

Accumulated other comprehensive loss consisted of the following (in thousands):

	June 30, 2011			December 31, 2010
Mark-to-market for interest rate hedges, net of tax benefit	$	(2,249	)	$	(2,376	)
Minimum pension liability adjustments, net of tax benefit	(633		)	(633		)
Accumulated other comprehensive loss	$	(2,882	)	$	(3,009	)