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Derivative Instruments (Tables)
9 Months Ended
Sep. 30, 2013
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value
As of September 30, 2013 and December 31, 2012, the fair value carrying amount of the Company's interest rate swaps are recorded as follows:
 
 
 
 
Asset / (Liability) Derivatives
 
 
Balance Sheet Caption
 
September 30,
2013
 
December 31,
2012
 
 
 
 
(dollars in thousands)
Derivatives designated as hedging instruments
 
 
 
 
 
 
Interest rate swap
 
Other assets
 
$
5,240

 
$

Interest rate swap
 
Accrued liabilities
 
(500
)
 
(530
)
Interest rate swap
 
Other long-term liabilities
 

 
(690
)
Total derivatives designated as hedging instruments
 
 
 
$
4,740

 
$
(1,220
)
Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance
nine months ended September 30, 2013 and 2012:
 
Amount of Income (Loss) Recognized
in AOCI on Derivative
(Effective Portion, net of tax)
 
 
 
Amount of Loss Reclassified from
AOCI into Earnings
 
 
 
 
Three months ended
September 30,
 
Nine months ended
September 30,
 
As of September 30, 2013
 
As of December 31, 2012
 
Location of Loss Reclassified from AOCI into Earnings (Effective Portion)
 
2013
 
2012
 
2013
 
2012
 
(dollars in thousands)
 
 
 
(dollars in thousands)
Derivatives designated as hedging instruments
 
 
 
 
 
 
 
 
 
 
 
 
 
Interest rate swaps
$
2,930

 
$
(760
)
 
Interest expense
 
$
(240
)
 
$
(140
)
 
$
(560
)
 
$
(250
)
Schedule of Other Derivatives Not Designated as Hedging Instruments, Statements of Financial Performance and Financial Position, Location
 
 
 
 
Amount of Loss Recognized in Earnings
on Derivatives
 
 
Location of Loss
Recognized in Earnings on
Derivatives
 
Three months ended September 30,
 
Nine months ended September 30,
 
 
 
2013
 
2012
 
2013
 
2012
 
 
 
 
(dollars in thousands)
Derivatives not designated as hedging instruments
 
 
 
 
 
 
 
 
 
 
Interest rate swaps
 
Interest expense
 
$
(140
)
 
$

 
$
(410
)
 
$

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 September 30, 2013 and December 31, 2012 are shown below.  
 
 
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)
September 30, 2013
 
Interest rate swaps
 
Recurring
 
$
4,740

 
$

 
$
4,740

 
$

December 31, 2012
 
Interest rate swaps
 
Recurring
 
$
(1,220
)
 
$

 
$
(1,220
)
 
$