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FAIR VALUE MEASUREMENTS (Tables)
 12 Months Ended
Dec. 31, 2014
FAIR VALUE MEASUREMENTS  
Schedule of available-for-sale securities and derivative financial instruments measured at fair value

        The fair value of the Company's available-for-sale securities and derivative financial instruments was determined using the following inputs (amounts in thousands):

                                                                                                                                                                                    

 

 

 

 

 

 

Fair Value
Measurements on
a Recurring Basis

 

 

 

As of
December 31,

 

Carrying and
Fair Value

 

 

 

Level 1

 

Level 2

 

Financial assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

Available-for-sale securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity securities

 

 
2014 

 

$
29 

 

$
29 

 

$

—

 

 

 

 
2013 

 

 
282 

 

 
282 

 

 

—

 

Derivative financial instruments:

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest rate swaps

 

 
2014 

 

$
27 

 

 

—

 

$
27 

 

 

 

 
2013 

 

 
265 

 

 

—

 

 
265 

 

Financial liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

Derivative financial instruments:

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest rate swaps

 

 
2014 

 

$
3,139 

 

 

—

 

$
3,139 

 

 

 

 
2013 

 

 
774 

 

 

—

 

 
774 

 

 

Schedule of effect of derivative financial instruments on statement of income

The following table presents the effect of the Company's derivative financial instruments on the statement of income for the periods presented (amounts in thousands):

                                                                                                                                                                                    

 

 

Years Ended December 31,

 

 

 

2014

 

2013

 

2012

 

One Liberty Properties and Consolidated Subsidiaries

 

 

 

 

 

 

 

 

 

 

Amount of loss recognized on derivatives in Other comprehensive loss

 

$
(4,453

)

$
(1

)

$
(1,051

)

Amount of loss reclassification from Accumulated other comprehensive loss into Interest expense

 

 
(1,810

)

 
(962

)

 
(504

)

Unconsolidated Joint Ventures (Company's share)

 

 


 

 

 


 

 

 


 

 

Amount of (loss) gain recognized on derivative in Other comprehensive loss

 

$
(32

)

$
21

 

$
(79

)

Amount of loss reclassification from Accumulated other comprehensive loss into Equity in earnings of unconsolidated joint ventures

 

 
(55

)

 
(55

)

 
(56

)