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Note 9 - Accumulated Other Comprehensive Income | 9 Months Ended
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Sep. 30, 2014
Disclosure Text Block [Abstract] |
Comprehensive Income (Loss) Note [Text Block] | 9 – Accumulated Other Comprehensive Income The following table shows the components of accumulated other comprehensive loss, net of tax, (in thousands):
|  | Three Months Ended September 30, 2014 |
|  | Cash Flow Swaps |  |  | Available for Sale Securities |  |  | Total |
Balance at June 30, 2014 |  | $ | (398 | ) |  | $ | (374 | ) |  | $ | (772 | )
Change in fair value |  |  | 216 |  |  |  | − |  |  |  | 216 |
Income tax deferred |  |  | (84 | ) |  |  | − |  |  |  | (84 | )
Balance at September 30, 2014 |  | $ | (266 | ) |  | $ | (374 | ) |  | $ | (640 | )
|  | Three Months Ended September 30, 2013 |
|  | Cash Flow Swaps |  |  | Available for Sale Securities |  |  | Total |
Balance at June 30, 2013 |  | $ | (854 | ) |  | $ | (578 | ) |  | $ | (1,432 | )
Change in fair value |  |  | 165 |  |  |  | − |  |  |  | 165 |
Income tax deferred |  |  | (64 | ) |  |  | − |  |  |  | (64 | )
Balance at September 30, 2013 |  | $ | (753 | ) |  | $ | (578 | ) |  | $ | (1,331 | )
|  | Nine Months Ended September 30, 2014 |
|  | Cash Flow Swaps |  |  | Available for Sale Securities |  |  | Total |
Balance at December 31, 2013 |  | $ | (624 | ) |  | $ | (578 | ) |  | $ | (1,202 | )
Change in fair value |  |  | 587 |  |  |  | 184 |  |  |  | 771 |
Sale of available for sale securities |  |  | − |  |  |  | 150 |  |  |  | 150 |
Income tax deferred |  |  | (229 | ) |  |  | (130 | ) |  |  | (359 | )
Balance at September 30, 2014 |  | $ | (266 | ) |  | $ | (374 | ) |  | $ | (640 | )
|  | Nine Months Ended September 30, 2013 |
|  | Cash Flow Swaps |  |  | Available for Sale Securities |  |  | Total |
Balance at December 31, 2012 |  | $ | (1,178 | ) |  | $ | (578 | ) |  | $ | (1,756 | )
Change in fair value |  |  | 691 |  |  |  | − |  |  |  | 691 |
Income tax deferred |  |  | (266 | ) |  |  | − |  |  |  | (266 | )
Balance at September 30, 2013 |  | $ | (753 | ) |  | $ | (578 | ) |  | $ | (1,331 | )
The following table shows the amount of loss reclassified from accumulated other comprehensive loss into earnings (in thousands):
|  | Three Months Ended |  |  | Nine Months Ended |
|  | September 30, 2014 |  |  | September 30, 2013 |  |  | September 30, 2014 |  |  | September 30, 2013 |
Losses on cash flow swaps to: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest expense |  | $ | (55 | ) |  | $ | (60 | ) |  | $ | (166 | ) |  | $ | (231 | )
Income tax benefit |  |  | 21 |  |  |  | 23 |  |  |  | 65 |  |  |  | 89 |
Total reclassifications |  | $ | (34 | ) |  | $ | (37 | ) |  | $ | (101 | ) |  | $ | (142 | )
The following table shows the reconciliation of net income to comprehensive income (in thousands):
|  | Three Months Ended |  |  | Nine Months Ended |
|  | September 30, 2014 |  |  | September 30, 2013 |  |  | September 30, 2014 |  |  | September 30, 2013 |
Net Income |  | $ | 23,478 |  |  | $ | 15,179 |  |  | $ | 55,330 |  |  | $ | 34,358 |
Other comprehensive income, before tax: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Change in fair value of interest rate swaps |  |  | 216 |  |  |  | 165 |  |  |  | 587 |  |  |  | 691 |
Change in fair value of available-for-sale securities |  |  | − |  |  |  | − |  |  |  | 184 |  |  |  | − |
Unrealized gain on available-for-sale securities |  |  | − |  |  |  | − |  |  |  | 150 |  |  |  | − |
Other comprehensive income, before tax |  |  | 216 |  |  |  | 165 |  |  |  | 921 |  |  |  | 691 |
Income tax expense related to components of other comprehensive income |  |  | 84 |  |  |  | 64 |  |  |  | 359 |  |  |  | 266 |
Other comprehensive income, net of tax |  |  | 132 |  |  |  | 101 |  |  |  | 562 |  |  |  | 425 |
Comprehensive income |  | $ | 23,610 |  |  | $ | 15,280 |  |  | $ | 55,892 |  |  | $ | 34,783 |

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- Definition The entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=36458714&loc=d3e637-108580 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 14 -URI http://asc.fasb.org/extlink&oid=36458714&loc=d3e681-108580 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187085-122770 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=36458714&loc=d3e689-108580 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=36458714&loc=SL7669619-108580 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=36458714&loc=d3e640-108580 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 17 -URI http://asc.fasb.org/extlink&oid=36458714&loc=d3e716-108580 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 16 -URI http://asc.fasb.org/extlink&oid=36458714&loc=d3e709-108580 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Reclassification Adjustments -URI http://asc.fasb.org/extlink&oid=6522872 + Details
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