Quarterly report pursuant to sections 13 or 15(d)

DERIVATIVE INSTRUMENTS (Tables)

v2.4.0.8
DERIVATIVE INSTRUMENTS (Tables)
6 Months Ended
Jun. 30, 2013
DERIVATIVE INSTRUMENTS [Abstract]  
Realized And Unrealized Gains On Derivatives
The following tables detail (in thousands) the impact the agreements had on the financial statements:

 
 
Three Months Ended
 
 
Six Months Ended
 
 
 
June 30,
 
 
June 30,
 
 
 
2013
 
 
2012
 
 
2013
 
 
2012
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Unrealized loss
 
$
-
 
 
$
(2,815
)
 
$
-
 
 
$
(2,283
)
Realized gain
 
 
-
 
 
 
213
 
 
 
-
 
 
 
504
 
Net gain (loss)
 
$
-
 
 
$
(2,602
)
 
$
-
 
 
$
(1,779
)

Fair Value of Derivative Assets

 
 
June 30, 2013
 
 
December 31, 2012
 
 
 
 
 
 
 
 
Fair value of financial contracts – asset (liability)
 
$
-
 
 
$
-
 
 
Impact of Interest Rate Swap on Other Comprehensive Loss
The following tables detail (in thousands) the impact the agreement had on the financial statements:

 
 
June 30,
 
 
 
2013
 
 
2012
 
Other Comprehensive Loss
 
 
 
 
 
 
  Cumulative loss
 
$
(696
)
 
$
(1,021
)
  Deferred tax benefit
 
 
243
 
 
 
347
 
  Net cumulative loss
 
$
(453
)
 
$
(674
)
 
 
 
 
 
 
 
 
 
Interest expense reclassified from other comprehensive loss
 
$
80
 
 
$
94
 
 
Fair Value of Derivative Liabilities
 
 
 
June 30, 2013
 
 
December 31, 2012
 
 
 
 
 
 
 
 
Fair value of interest rate swap  - liability
 
$
696
 
 
$
893