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Accumulated Other Comprehensive Loss
6 Months Ended
Jun. 30, 2014
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
June 30,

 

Six Months Ended
June 30,

 

 

 

2014

 

2013

 

2014

 

2013

 

Net income

 

$

5,718

 

4,626

 

$

10,210

 

7,382

 

Reclassification to interest expense

 

237

 

292

 

485

 

586

 

Deferred income tax expense

 

(79

)

(122

)

(163

)

(229

)

Mark to market of interest rate hedges

 

(19

)

43

 

(37

)

43

 

Comprehensive income

 

$

5,857

 

4,839

 

$

10,495

 

7,782

 

 

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):

 

 

 

June 30,
2014

 

December 31,
2013

 

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

 

$

(692

)

$

(977

)

Minimum pension liability adjustments, net of tax benefit

 

(521

)

(521

)

Accumulated other comprehensive loss

 

$

(1,213

)

$

(1,498

)