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INTEREST RATE SWAP AGREEMENTS (Tables)
 9 Months Ended
Sep. 30, 2013
INTEREST RATE SWAP AGREEMENTS [Abstract]  
Interest Rate Swaps Designated as Cash Flow Hedges
The following table summarizes the interest rate swaps designated as cash flow hedges that were in place as of September 30, 2013 and December 31, 2012:
 
 
 
 
 
    
 
September 30,
2013
  
December 31,
2012
 
Interest Rate Swap Detail
 
Notional
  
Notional
 
Trade
 
Fixed
 
Start Date
End date
 
Amount
  
Amount
 
Date
 
Rate
 
of Swap
of Swap
 
Outstanding
  
Outstanding
 
9/6/05
  
4.485
%
9/14/05
7/29/15
 
$
106,233
  
$
106,233
 
3/29/06
  
5.25
%
1/2/07
1/1/14
  
50,000
   
50,000
 
3/24/06
  
5.075
%
1/2/08
1/2/13
  
—
   
50,000
 
1/9/09
  
2.05
%
1/22/09
1/22/14
  
100,000
   
100,000
 
2/11/09
  
2.45
%
2/23/09
2/23/14
  
50,000
   
50,000
 
 
    
 
 
        
 
    
 
    
 
$
306,233
  
$
356,233
Derivative Asset and Liability Balances
The following table summarizes the derivative asset and liability balances at September 30, 2013 and December 31, 2012:
 
Asset Derivatives
 
Liability Derivatives
 
 
Balance
Fair Value
Balance
Fair Value
 
Sheet
Location
September 30,
2013
December
31, 2012
Sheet
Location
September 30,
2013
December
31, 2012
Derivatives designated as hedging instruments
 
 
 
 
 
 
Interest rate contracts
Fair value of derivative instruments (Current Assets)
 
$
—
  
$
—
 
Fair value of derivative instruments (Current Liabilities)
 
$
9,292
  
$
7
 
Interest rate contracts
Fair value of derivative instruments (Noncurrent Assets)
  
—
   
—
 
Fair value of derivative instruments (Noncurrent Liabilities)
  
—
   
16,045
 
 
 
        
 
        
Total derivatives designated as hedging instruments
 
  
—
   
—
 
 
  
9,292
   
16,052
 
 
 
        
 
        
Total Derivatives
 
 
$
—
  
$
—
 
 
 
$
9,292
  
$
16,052
 
Impact of Derivative Instruments and Location in Consolidated Statement of Operations
The following tables present the impact of derivative instruments and their location within the Condensed Consolidated Statement of Operations:

The Effect of Derivative Instruments on the Condensed Consolidated Statement of Operations
For the Three-Month Period Ended September 30, 2013

Derivatives in Cash
Flow Hedging
Amount of
Gain (Loss)
Recognized
in AOCI on
Derivative
(Effective
Portion)
 
Location of
Gain (Loss)
Reclassified
from AOCI
into income
(Effective
Amount of
Gain (Loss)
Reclassified
from AOCI
into income
(Effective
Portion)
 
Location of
Gain (Loss)
Recognized in
Income on
Derivative
(Ineffective
Amount of
Gain (Loss)
Recognized in
Income on
Derivative
(Ineffective
Portion)
 
Relationships
2013
 
Portion)
2013
 
Portion)
2013
 
Interest rate contracts
 
$
(439
) 
Interest Expense
 
$
(2,515
) 
Other Income (Expense)
 
$
2
 

The Effect of Derivative Instruments on the Condensed Consolidated Statement of Operations
For the Three-Month Period Ended September 30, 2012

Derivatives in Cash
Flow Hedging
Amount of
Gain (Loss)
Recognized
in AOCI on
Derivative
(Effective
Portion)
 
Location of
Gain (Loss)
Reclassified
from AOCI
into income
(Effective
Amount of
Gain (Loss)
Reclassified
from AOCI
into income
(Effective
Portion)
 
Location of
Gain (Loss)
Recognized in
Income on
Derivative
(Ineffective
Amount of
Gain (Loss)
Recognized in
Income on
Derivative
(Ineffective
Portion)
 
Relationships
2012
 
Portion)
2012
 
Portion)
2012
 
Interest rate contracts
 
$
(1,434
) 
Interest Expense
 
$
(2,959
) 
Other Income (Expense)
 
$
30
 

The Effect of Derivative Instruments on the Condensed Consolidated Statement of Operations
For the Nine-Month Period Ended September 30, 2013

Derivatives in Cash
Flow Hedging
Amount of
Gain (Loss)
Recognized
in AOCI on
Derivative
(Effective
Portion)
 
Location of
Gain (Loss)
Reclassified
from AOCI
into income
(Effective
Amount of
Gain (Loss)
Reclassified
from AOCI
into income
(Effective
Portion)
 
Location of
Gain (Loss)
Recognized in
Income on
Derivative
(Ineffective
Amount of
Gain (Loss)
Recognized in
Income on
Derivative
(Ineffective
Portion)
 
Relationships
2013
 
Portion)
2013
 
Portion)
2013
 
Interest rate contracts
 
$
(668
) 
Interest Expense
 
$
(7,431
) 
Other Income (Expense)
 
$
(3
)
 
The Effect of Derivative Instruments on the Condensed Consolidated Statement of Operations
For the Nine-Month Period Ended September 30, 2012

Derivatives in Cash
Flow Hedging
Amount of
Gain (Loss)
Recognized
in AOCI on
Derivative
(Effective
Portion)
 
Location of
Gain (Loss)
Reclassified
from AOCI
into income
(Effective
Amount of
Gain (Loss)
Reclassified
from AOCI
into income
(Effective
Portion)
 
Location of
Gain (Loss)
Recognized in
Income on
Derivative
(Ineffective
Amount of
Gain (Loss)
Recognized in
Income on
Derivative
(Ineffective
Portion)
 
Relationships
2012
 
Portion)
2012
 
Portion)
2012
 
Interest rate contracts
 
$
(3,999
) 
Interest Expense
 
$
(10,392
)
Other Income (Expense)
 
$
76