INTEREST RATE SWAP AGREEMENTS (Tables)
 12 Months Ended
Dec. 31, 2013
INTEREST RATE SWAP AGREEMENTS  
Schedule of 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 December 31, 2013 and 2012:

Interest Rate Swap Detail
 
December 31,
2013
  
December 31,
2012
 
Trade
Date
 
Fixed
Rate
 
Start Date
of Swap
End date
of Swap
 
Notional
Amount
Outstanding
  
Notional
Amount
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
 
Schedule of derivative asset and liability balances
The following table summarizes the derivative asset and liability balances at December 31, 2013 and 2012:

 
Asset Derivatives
 
Liability Derivatives
 
 
Balance
 
Fair Value
 
Balance
 
Fair Value
 
 
Sheet
Location
 
December 31,
2013
  
December 31,
2012
 
Sheet
Location
 
December 31,
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)
 
$
6,975
  
$
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
 
 
$
—
  
$
—
 
 
 
$
6,975
  
$
16,052
 
 
 
        
 
        
Total Derivatives
 
 
$
—
  
$
—
 
 
 
$
6,975
  
$
16,052
 
Schedule of the impact of derivative instruments and their location within the Consolidated Statement of Operations
The following tables present the impact of derivative instruments and their location within the Consolidated Statement of Operations:

The Effect of Derivative Instruments on the Consolidated Statement of Operations
For the Year Ended December 31, 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
 
$
(882
)
Interest Expense
 
 
$
(9,963
)
Other Income (Expense)
 
 
$
(4
)

The Effect of Derivative Instruments on the Consolidated Statement of Operations
For the Year Ended December 31, 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
 
$
(4,252
)
Interest Expense
 
 
$
(13,440
)
Other Income (Expense)
 
 
$
100
 

The Effect of Derivative Instruments on the Consolidated Statement of Operations
For the Year Ended December 31, 2011

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
 
2011
 
Portion)
 
2011
 
Portion)
 
 
2011
 
Interest rate contracts
 
$
(10,947
)
Interest Expense
 
 
$
(28,854
)
Other Income (Expense)
 
 
$
51