Quarterly report pursuant to sections 13 or 15(d)

DERIVATIVE INSTRUMENTS (Tables)

v2.4.0.8
DERIVATIVE INSTRUMENTS (Tables)
 9 Months Ended
Sep. 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
    
Nine Months Ended
  
   
September 30,
    
September 30,
  
   
2013
    
2012
    
2013
    
2012
  
                         
Unrealized gain (loss)
   $ (39 )   $ 1,446     $ (39 )   $ (837 )
Realized loss
     -       (1,446 )     -       (942 )
Net loss
   $ (39 )   $ -     $ (39 )   $ (1,779 )
Fair Value of Derivative Assets
 
 
September 30, 2013
    
December 31, 2012
  
             
Fair value of financial contracts – asset (liability)
   $ (39 )   $ -  
Impact of Interest Rate Swap on Other Comprehensive Loss
 The following tables detail (in thousands) the impact the agreement had on the financial statements:

   
September 30,
  
   
2013
    
2012
  
Other Comprehensive Loss
            
  Cumulative loss
   $ (625 )   $ (978 )
  Deferred tax benefit
     219       333  
  Net cumulative loss
   $ (406 )   $ (645 )
                 
Interest expense reclassified from other comprehensive loss
   $ 231     $ 275  
Fair Value of Derivative Liabilities
 
September 30, 2013
    
December 31, 2012
  
             
Fair value of interest rate swap  - liability
   $ 625     $ 893