Quarterly report pursuant to Section 13 or 15(d)

DERIVATIVE INSTRUMENTS (Tables)

v2.4.0.8
DERIVATIVE INSTRUMENTS (Tables)
 9 Months Ended
Sep. 30, 2014
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,
  
   
2014
    
2013
    
2014
    
2013
  
                 
Unrealized gain (loss)
  
$
-
    
$
(39
)
  
$
(48
)
  
$
(39
)
Realized loss
    
-
      
-
      
87
      
-
  
Net loss
  
$
-
    
$
(39
)
  
$
39
    
$
(39
)
Fair Value of Derivative Assets
   
September 30, 2014
    
December 31, 2013
  
         
Fair value of financial contracts – asset (liability)
  
$
-
    
$
48
  
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,
  
   
2014
    
2013
  
Other Comprehensive Loss
        
Cumulative loss
  
$
(382
)
  
$
(625
)
Deferred tax benefit
    
134
      
219
  
Net cumulative loss
  
$
(248
)
  
$
(406
)
                 
Interest expense reclassified from other comprehensive loss
  
$
190
    
$
231
  
Fair Value of Derivative Liabilities
   
September 30, 2014
    
December 31, 2013
  
         
Fair value of interest rate swap  - liability
  
$
381
    
$
563