Derivative Instruments and Hedging Activities (Tables)
 6 Months Ended
Jun. 30, 2012
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of derivative instruments in statement of financial position, fair value
The following table summarizes the notional amount and fair value of the Company’s derivative instruments (in thousands):
   
 
 
 
 
 
 
 
 
 
 
 
 
Fair Value of Liability
Derivatives designated as
 
Balance Sheet
 
Notional
 
Interest
 
Effective
 
Maturity
 
June 30, 2012
 
December 31, 2011
hedging instruments        
 
Location
 
Amount
 
Rate
 
Date
 
Date
 
 
Interest Rate Swap
 
Deferred rental income, derivative and other liabilities
 
$
31,781

 
6.2%
 
11/04/2008
 
10/31/2012
 
$
(359
)
 
$
(869
)
Interest Rate Swap
 
Deferred rental income, derivative and other liabilities
 
14,847

 
6.2%
 
06/12/2009
 
06/11/2012
 
—

 
(172
)
Interest Rate Swap
 
Deferred rental income, derivative and other liabilities
 
7,037

 
5.8%
 
02/20/2009
 
03/01/2016
 
(512
)
 
(497
)
Interest Rate Swap
 
Deferred rental income, derivative and other liabilities
 
30,000

 
6.0%
 
11/24/2009
 
10/16/2012
 
(124
)
 
(310
)
Interest Rate Swap
 
Deferred rental income, derivative and other liabilities
 
111,111

 
4.9%
 
02/28/2011
 
11/30/2013
 
(1,460
)
 
(1,558
)
Interest Rate Swap
 
Deferred rental income, derivative and other liabilities
 
38,250

 
3.5%
 
09/26/2011
 
09/26/2014
 
(315
)
 
(152
)
 
 
 
 
$
233,026

 
 
 
 
 
 
 
$
(2,770
)
 
$
(3,558
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Schedule of derivative instruments, gain (loss) in statement of financial performance
The following table summarizes the unrealized gains and losses on the Company’s derivative instruments and hedging activities (in thousands):
 
  
 
Amount of Gain (Loss) Recognized in Other
Comprehensive Income
 
 
Three Months Ended June 30,
 
Six Months Ended June 30,
Derivatives in Cash Flow Hedging Relationships
 
2012
 
2011
 
2012
 
2011
Interest Rate Swaps (1)
 
$
573

 
$
(956
)
 
$
788

 
$
(697
)
 
 
 
 
 
 
 
 
 
(1)
There were no portions of the change in the fair value of the interest rate swap agreements that were considered ineffective during the six months ended June 30, 2012 or 2011. No previously effective portions of losses that were recorded in accumulated other comprehensive loss during the term of the hedging relationship were reclassified into earnings during the six months ended June 30, 2012 or 2011.