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Accumulated Other Comprehensive Loss
9 Months Ended
Sep. 30, 2013
Accumulated Other Comprehensive Loss  
Accumulated Other Comprehensive Loss

6.              Accumulated Other Comprehensive Loss

 

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

 

 

 

Three Months Ended
September 30,

 

Nine Months Ended
September 30,

 

 

 

2013

 

2012

 

2013

 

2012

 

Net income

 

$

4,789

 

3,947

 

$

12,171

 

12,631

 

Reclassification to interest expense

 

287

 

321

 

873

 

995

 

Deferred income tax expense

 

(81

)

(59

)

(310

)

(193

)

Mark to market of interest rate hedges

 

(64

)

(158

)

(21

)

(464

)

Comprehensive income

 

$

4,931

 

4,051

 

$

12,713

 

12,969

 

 

Amounts reclassified to interest expense were for payments made by the Company pursuant to the Company’s interest rate hedges.

 

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

 

 

 

September 30,
2013

 

December 31,
2012

 

Mark to market of interest rate hedges, net of tax benefit

 

$

(1,132

)

$

(1,674

)

Minimum pension liability adjustments, net of tax benefit

 

(718

)

(718

)

Accumulated other comprehensive loss

 

$

(1,850

)

$

(2,392

)