Quarterly report pursuant to Section 13 or 15(d)

DERIVATIVE INSTRUMENTS (Tables)

v2.4.1.9
DERIVATIVE INSTRUMENTS (Tables)
 3 Months Ended
Mar. 31, 2015
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
  
   
March 31,
  
   
2015
    
2014
  
         
Unrealized gain (loss)
  
$
180
 
  
$
(48
)
Realized gain (loss)
    
(180
 )     
87
  
Net gain (loss)
  
$
-
    
$
39
  

   
March 31, 2015
    
December 31, 2014
  
         
Fair value of financial contracts – liability
  
$
-
    
$
180
  
Impact of Interest Rate Swap on Other Comprehensive Loss
The following tables detail (in thousands) the impact the agreement had on the financial statements:

   
March 31,
  
   
2015
    
2014
  
Other Comprehensive Loss
        
  Cumulative loss
  
$
-
    
$
(495
)
  Deferred tax benefit
    
-
      
173
  
  Net cumulative loss
  
$
-
    
$
(322
)
                 
Interest expense reclassified from other comprehensive loss
  
$
-
    
$
67
  
Fair Value of Derivative Liabilities
   
March 31, 2015
    
December 31, 2014
  
         
Fair value of financial contracts – liability
  
$
-
    
$
180
  
   
March 31, 2015
    
December 31, 2014
  
         
Fair value of interest rate swap  - liability
  
$
316
    
$
378