XML 20 R33.htm IDEA: XBRL DOCUMENT
v2.4.0.6

DERIVATIVE FINANCIAL INSTRUMENTS (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2012
DERIVATIVE FINANCIAL INSTRUMENTS |
Schedule of outstanding interest rate derivatives | As of December 31, 2012, the Company had the following outstanding interest rate derivatives, all of which were designated as cash flow hedges of interest rate risk (amounts in thousands):
Interest Rate Derivative |  | Notional Amount |  | Fixed Interest Rate |  | Maturity Date
--- | --- | --- | --- | --- | --- | ---
Interest Rate Swap |  | $ | 8,988 |  |  | 6.50 | % | December 2014
Interest Rate Swap |  |  | 4,324 |  |  | 5.75 | % | November 2020
Interest Rate Swap |  |  | 3,887 |  |  | 4.75 | % | August 2016
Interest Rate Swap |  |  | 5,757 |  |  | 4.63 | % | February 2019
Interest Rate Swap |  |  | 2,156 |  |  | 4.50 | % | April 2016
Interest Rate Swap |  |  | 3,893 |  |  | 4.50 | % | March 2017
Interest Rate Swap |  |  | 5,100 |  |  | 4.68 | % | January 2023
Schedule of fair value of derivatives designated as hedging instruments | The following table presents the fair value of the Company's derivatives designated as hedging instruments for the periods presented (amounts in thousands):
|  | Liability Derivatives As of December 31, |  |
--- | --- | --- | --- | ---
|  | 2012 |  | 2011 |  |
|  | Balance Sheet Location |  | Fair Value |  | Balance Sheet Location |  | Fair Value |  |
|  | Other Liabilities |  | $ | 1,470 |  | Other Liabilities |  | $ | 923 |  |
Schedule of effect of derivative financial instruments on consolidated statement of income | The following table presents the effect of the Company's derivative financial instruments on the consolidated statement of income for the periods presented (amounts in thousands):
|  | Years Ended December 31, |
--- | --- | --- | ---
|  | 2012 |  | 2011 |  | 2010 |
Amount of (loss) recognized on derivative in Other Comprehensive (Loss) |  | $ | (1,051 | ) | $ | (1,098 | ) | $ | (523 | )
Amount of (loss) reclassified from Accumulated Other Comprehensive (Loss) into Interest Expense |  | $ | (504 | ) | $ | (351 | ) | $ | (236 | )
Unconsolidated joint ventures |
DERIVATIVE FINANCIAL INSTRUMENTS |
Schedule of effect of derivative financial instruments on consolidated statement of income | The following table presents the Company's 50% share of such derivative financial instrument (amounts in thousands):
|  | Years Ended December 31, |
--- | --- | --- | ---
|  | 2012 |  | 2011 |
Amount of (loss) recognized on derivative in Other Comprehensive (Loss) |  | $ | (79 | ) | $ | (225 | )
Amount of (loss) reclassification from Accumulated Other Comprehensive (Loss) into Interest Expense |  |  | (56 | ) |  | (43 | )

X
- Details
Name: | us-gaap_DerivativeLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the location and amount of gains and losses reported in the statement of financial performance, or when applicable, the statement of financial position. For example, (a) gains and losses recognized in the income statement on derivative instruments designated and qualifying as hedging instruments in fair value hedges and related hedged items designated and qualifying in fair value hedges and (b) gains and losses initially recognized in other comprehensive income on derivative instruments designated and qualifying as cash flow hedges. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4A -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=7476318&loc=SL5618551-113959 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 133 -Paragraph 205G -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 133 -Paragraph 44C -Subparagraph b -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -URI http://asc.fasb.org/extlink&oid=7476318&loc=SL5624171-113959 + Details
Name: | us-gaap_ScheduleOfDerivativeInstrumentsGainLossInStatementOfFinancialPerformanceTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 133 -Paragraph 205G -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -URI http://asc.fasb.org/extlink&oid=7476318&loc=SL5624163-113959 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 133 -Paragraph 44C -Subparagraph a -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. + Details
Name: | us-gaap_ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the notional amounts of outstanding derivative positions. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1A -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=7476318&loc=SL5579245-113959 + Details
Name: | us-gaap_ScheduleOfNotionalAmountsOfOutstandingDerivativePositionsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration