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DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables)
6 Months Ended
Jun. 30, 2012
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES  
Schedule of fair value of the entity's derivative financial instrument as well as its classification on the consolidated balance sheet

 

 

 

 

Liability Derivatives

 

 

 

 

 

Fair Value as of

 

 

 

Balance Sheet
Location

 

December 31,
2011

 

June 30,
2012

 

Derivatives designated as hedging instruments:

 

 

 

 

 

 

 

Interest Rate Swaps

 

Other liabilities

 

$

11,337

 

$

11,037

 

Total derivatives designated as hedging instruments

 

 

 

$

11,337

 

$

11,037

 

 

Schedule of effect of the entity's derivative financial instruments on the consolidated income statements

 

 

Three Months Ended June 30,

 

Derivative in Cash Flow
Hedging Relationships

 

Amount of Gain or
(Loss) Recognized
in Other
Comprehensive
Income on Derivative
(Effective Portion)

 

Location of Gain or
(Loss) Reclassified
from Accumulated
Other
Comprehensive
Income into Income
(Effective Portion)

 

Amount of Gain or
(Loss) Reclassified
from Accumulated
Other
Comprehensive
Income into Income
(Effective Portion)

 

2011

 

Interest Rate Swap

 

$

(2,488

)

Interest expense

 

$

1,042

 

2012

 

Interest Rate Swap

 

(144

)

Interest expense

 

1,033

 

 

Six Months Ended June 30,

 

Derivative in Cash Flow
Hedging Relationships

 

Amount of Gain or
(Loss) Recognized
in Other
Comprehensive
Income on Derivative
(Effective Portion)

 

Location of Gain or
(Loss) Reclassified
from Accumulated
Other
Comprehensive
Income into Income
(Effective Portion)

 

Amount of Gain or
(Loss) Reclassified
from Accumulated
Other
Comprehensive
Income into Income
(Effective Portion)

 

2011

 

Interest Rate Swap

 

$

(4,012

)

Interest expense

 

$

2,072

 

2012

 

Interest Rate Swap

 

301

 

Interest expense

 

2,056