Quarterly report pursuant to sections 13 or 15(d)

DERIVATIVE INSTRUMENTS (Tables)

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DERIVATIVE INSTRUMENTS (Tables)
 3 Months Ended
Mar. 31, 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
  
   
March 31,
  
   
2014
    
2013
  
             
Unrealized gain (loss)
   $ (48 )   $ -  
Realized gain (loss)
     87       -  
Net gain (loss)
   $ 39     $ -  
Fair Value of Derivative Assets

   
March 31, 2014
    
December 31, 2013
  
             
Fair value of derivative 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:


   
March 31,
  
   
2014
    
2013
  
Other Comprehensive Loss
            
  Cumulative loss
   $ (495 )   $ (808 )
  Deferred tax benefit
     173       283  
  Net cumulative loss
   $ (322 )   $ (525 )
                 
Interest expense reclassified from other comprehensive loss
   $ 67     $ 78  
Fair Value of Derivative Liabilities
 
March 31, 2014
    
December 31, 2013
  
             
Fair value of interest rate swap  - liability
   $ 495     $ 563