Derivative Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2012

Derivative Financial Instruments

Schedule of fair values of derivative instruments

   The following table presents the fair values of the Company's derivative instruments as well as the classification on the Condensed Consolidated Balance Sheets (in thousands). See Note 13 for additional information related to the fair values of our derivative instruments.

	September 30, 2012		December 31, 2011
Asset derivatives designated as cash flow hedging instruments:
Natural gas hedge(1)	$	—	$	4,050
Interest rate cap(2)		22		432
Total asset derivatives	$	22	$	4,482
Liability derivatives designated as cash flow hedging instruments:
Interest rate swaps(3)	$	7,419	$	5,683
Total liability derivatives	$	7,419	$	5,683

(1)

Included within other current assets at December 31, 2011.

(2)

$12,000 and $143,000 is included in other current assets and $10,000 and $289,000 is included in other long-term assets within the Condensed Consolidated Balance Sheets as of September 30, 2012 and December 31, 2011, respectively.

(3)

$4.0 million and $1.8 million is included within other current liabilities and $3.4 million and $3.9 million is included within other long-term liabilities in the Condensed Consolidated Balance Sheets as of September 30, 2012 and December 31, 2011, respectively.

Schedule of gains and losses from derivative instruments

The following tables present the gains and losses from derivative instruments for the three and nine months ended September 30, 2012 and 2011 and their location within the condensed consolidated financial statements (in thousands). The Company utilizes only cash flow hedges that are considered highly effective.

	Gain (loss) recognized in accumulated other comprehensive income, net of tax						Gain (loss) reclassified from accumulated other comprehensive income to earnings, net of tax(1)(2)						Ineffective portion of Gain (loss) recognized in earnings
	Three months ended September 30,						Three months ended September 30,						Three months ended September 30,
Derivatives designated as cash flow hedging instruments	2012			2011			2012			2011			2012		2011
Natural gas hedges	$	—		$	464		$	—		$	520		$	—	$	—
Interest rate swaps		9			(4,008	)		(518	)		(45	)		—		—
Interest rate cap		(36	)		1,635			—			—			—		—
Total	$	(27	)	$	(1,909	)	$	(518	)	$	475		$	—	$	—

	Gain (loss) recognized in accumulated other comprehensive income, net of tax						Gain (loss) reclassified from accumulated other comprehensive income to earnings, net of tax(1)(2)						Ineffective portion of Gain (loss) recognized in earnings
	Nine months ended September 30,						Nine months ended September 30,						Nine months ended September 30,
Derivatives designated as cash flow hedging instruments	2012			2011			2012			2011			2012		2011
Natural gas hedges	$	(5,798	)	$	1,245		$	3,279		$	520		$	—	$	—
Interest rate swaps		502			(4,068	)		(1,543	)		(139	)		—		—
Interest rate cap		(255	)		295			—			—			—		—
Total	$	(5,551	)	$	(2,528	)	$	1,736		$	381		$	—	$	—

(1)

Natural gas hedge amounts recorded in miscellaneous income in the Condensed Consolidated Statements of Operations and Comprehensive Income.

(2)

Interest rate swap amounts recorded in interest expense in the Condensed Consolidated Statements of Operations and Comprehensive Income.