Derivative Instruments and Hedging Activities

9 Months Ended

Jun. 30, 2011

Derivative Instruments and Hedging Activities

6. Derivative Instruments and Hedging Activities

The Company had two interest rate swaps that terminated on October 4, 2010. Neither swap qualified for hedge accounting. Accordingly, the gain (loss) resulting from the change in the fair value of the interest rate swaps of less than $0.1 million for the three months ended June 30, 2010 and $(0.1) million for the six months ended June 30, 2010, was reflected as income (expense) in other income (expense), net in the accompanying condensed consolidated statements of operations.

As both interest rate swaps terminated on October 4, 2010, there was no liability reported in the accompanying condensed consolidated balance sheet as of June 30, 2011 and December 31, 2010.