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Financial Instruments (Tables)
6 Months Ended
Jun. 30, 2012
Financial Instruments (Abstract)  
Derivative liabilities - Fair value (Table Text Block)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  
June 30, 2012
 
 
December 31, 2011
 
 
  
Interest Rate Swaps
 
 
Total
 
 
Interest Rate Swaps
 
 
Total
 
Short-term liabilities
  
$
(1,389
 
$
(1,389
 
$
(8,255
 
$
(8,255
Long-term liabilities
  
$
—  
  
 
$
—  
  
 
$
(4,422
 
$
(4,422
 
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total
  
$
(1,389
 
$
(1,389
 
$
(12,677
 
$
(12,677
Financial instruments - Balance Sheet (Table Text Block)
 
 
 
 
 
 
 
 
 
Liability derivatives
  
 
 
Balance sheet location
  
As of June 30,  2012
Fair value
 
  
As of December 31, 2011
Fair value
 
Derivatives designated as hedging instruments - effective hedges
  
 
 
 
  
 
 
 
Financial instruments long-term liabilities.
  
$
—  
  
  
$
4,422
  
Financial instruments short-term liabilities.
  
$
296
  
  
 
839
  
 
  
 
 
 
  
 
 
 
Total derivatives not designated as hedging instruments - ineffective hedges
  
 
 
 
  
 
 
 
Financial instruments short-term liabilities.
  
$
1,093
  
  
 
7,416
 
 
  
 
 
 
  
 
 
 
Total Derivatives
  
$
1,389
  
  
$
12,677
  
 
  
 
 
 
  
 
 
 
Schedule Of Derivative Instruments Gain (Loss) In Statement Of Financial Performance (Table Text Block)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Derivatives for cash flow hedging
relationships
  
Amount of Loss
Recognized in OCI
on Derivative
(Effective Portion)
 
 
Location of
Gain/(loss)
Reclassified
into
Income
(Effective
Portion)
  
Amount of Loss
Reclassified from
OCI
into Income
(Effective
Portion)
 
 
Amount of Gain
Remaining in OCI
on Derivative
(Effective Portion)
 
  
Location
of
Gain/(loss)
Recognized
in
income
(ineffective
portion
  
Amount of Gain/
(Loss)  recognized
in income
 
 
  
2012
 
 
2011
 
 
 
  
2012
 
 
2011
 
 
2012
 
  
2011
 
  
 
  
2012
 
  
2011
 
Interest rate
swaps
  
 
(1,857
 
 
(2,163
 
Interest
expense
and
finance
 
cost
  
 
(11,697
 
 
(10,791
 
 
9,840
  
  
 
8,628
  
  
Gain on
interest
rate swap
agreement
  
 
1,447
  
  
 
—  
  
Schedule Of Fair Value Assets And Liabilities Measured On Recurring Basis (Table Text Block)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Derivatives
  
Total
 
    
Quoted Prices
in Active
Markets for
Identical Assets
(Level 1)
 
    
Significant
Other
Observable
Inputs
(Level 2)
 
    
Significant
Unobservable
Inputs
(Level 3)
 
December 31, 2011
  
$
(12,677
    
 
—  
  
    
$
(12,677
    
 
—  
  
 
  
 
 
 
    
 
 
 
    
 
 
 
    
 
 
 
June 30, 2012
  
$
(1,389
    
 
—  
  
    
$
(1,389
    
 
—  
  
 
  
 
 
 
    
 
 
 
    
 
 
 
    
 
 
 
Schedule Of Cash Flow Hedging Instruments (Table Text Block)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Bank
    
Currency
    
Notional
Amount
 
    
Fixed
Rate
 
  
Trade date
    
Value date
    
Maturity date
    
Fair market value as
of June 30, 2012
 
HSH Nordbank
    
USD
    
 
11,500
  
    
 
3.8950
  
04.24.2008
    
04.30.2008
    
03.28.2013
    
 
296
  
Schedule Of Derivatives Not Designated As Cash Flow Hedging Instruments (Table Text Block)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Bank
    
Currency
    
Notional
Amount
 
    
Fixed Rate
 
  
Trade date
    
Value date
    
Maturity date
    
Fair market
value as of
June 30,
2012
 
HSH Nordbank
    
USD
    
 
1,584
  
    
 
4.099
  
08.14.2008
    
08.20.2008
    
03.28.2013
    
 
43
  
HSH Nordbank
    
USD
    
 
46,000
  
    
 
3.5250
  
03.25.2008
    
03.27.2008
    
03.27.2013
    
 
1,050
  
 
    
 
    
 
 
 
    
 
 
 
  
 
    
 
    
 
    
 
 
 
Total derivative
instruments fair
value
    
 
 
 
    
 
 
 
  
 
    
 
    
 
    
 
1,093