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Interest Rate Swap Agreements (Tables)
3 Months Ended
Jun. 30, 2012
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule Of Notional Amounts Of Interest Rate Swaps

 

Three months ended June 30,
20122011

Notional amounts at April 1

$$

New contracts

25,000,000

Matured contracts

Notional amounts at June 30

$25,000,000$
Schedule of locations and amounts of losses recognized in income

 

Three months ended June 30,
20122011

Periodic change in fair value of interest rate swaps

$209,101$

Periodic settlement differentials included in interest expense

15,818

Pre-tax loss recognized in income

$224,919$
Schedule of average variable rates received and average fixed rates paid under the swap agreements

Three months ended June 30,
20122011

Variable rate received

0.24%

Fixed rate paid

1.00%