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Derivative Instruments (Tables)
6 Months Ended
Jun. 30, 2012
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value
As of June 30, 2012 and December 31, 2011, the fair value carrying amount of the Company's interest rate swaps are recorded as follows:
 
 
 
 
Asset Derivatives
 
Liability Derivatives
 
 
Balance Sheet Caption
 
June 30,
2012
 
December 31,
2011
 
June 30,
2012
 
December 31,
2011
 
 
 
 
(dollars in thousands)
Derivatives designated as hedging instruments
 
 
 
 
 
 
 
 
 
 
Interest rate swap
 
Accrued liabilities
 
$

 
$

 
$
550

 
$

Interest rate swap
 
Other long-term liabilities
 

 

 
850

 

Total derivatives designated as hedging instruments
 
 
 
$

 
$

 
$
1,400

 
$

Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance
The effect of interest rate swaps on the consolidated statement of operations for the three and six months ended June 30, 2012 and 2011 is summarized as follows:
 
Amount of Loss Recognized
in AOCI on Derivative
(Effective Portion, net of tax)
 
 
 
Amount of Loss Reclassified from
AOCI into Earnings
 
 
 
 
Three months ended
June 30,
 
Six months ended
June 30,
 
As of
June 30,
2012
 
As of December 31, 2011
 
Location of Loss Reclassified from AOCI into Earnings (Effective Portion)
 
2012
 
2011
 
2012
 
2011
 
(dollars in thousands)
 
 
 
(dollars in thousands)
Derivatives designated as hedging instruments
 
 
 
 
 
 
 
 
 
 
 
 
 
Interest rate swaps
$
(860
)
 
$

 
Interest expense
 
$
(110
)
 
$
(120
)
 
$
(110
)
 
$
(360
)
Schedule of Other Derivatives Not Designated as Hedging Instruments, Statements of Financial Performance and Financial Position, Location
 
Fair Value Measurements, Recurring and Nonrecurring
Fair value measurements and the fair value hierarchy level for the Company's assets and liabilities measured at fair value on a recurring basis as of June 30, 2012 are shown below.  
 
 
 
 
June 30, 2012
Description
 
Frequency
 
Asset / (Liability)
 
Quoted Prices in Active Markets for Identical Assets
(Level 1)
 
Significant Other Observable Inputs
(Level 2)
 
Significant Unobservable Inputs
(Level 3)
 
 
 
 
(dollars in thousands)
Interest rate swaps
 
Recurring
 
$
(1,400
)
 
$

 
$
(1,400
)
 
$