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Note 12 - Accumulated Other Comprehensive Loss:
12 Months Ended
Dec. 31, 2013
Equity [Abstract]  
Other Comprehensive Income, Noncontrolling Interest [Text Block]

12.    Accumulated Other Comprehensive Loss:


In June 2012, the Company entered into a forward starting fixed rate interest rate hedge commencing July 2013 in order to eliminate the variability of cash interest payments on $53.2 million of the outstanding LIBOR-based borrowings under the ABL Credit Facility. The hedge matures on June 1, 2016 and the notional amount is reduced monthly by the principal payments on the term loan. The balance as of December 31, 2013 was $48.9 million. The fixed rate interest rate hedge is accounted for as a cash flow hedging instrument for accounting purposes. The fair value of the interest rate hedge is included in “Accumulated other comprehensive loss” on the Consolidated Balance Sheets. The fair value of the interest rate hedge was $437 thousand, net of tax of $273 thousand at December 31, 2013 and $579 thousand, net of tax of $362 thousand at December 31, 2012.