Quarterly report pursuant to Section 13 or 15(d)

Derivatives (Tables)

v2.4.0.6
Derivatives (Tables)
3 Months Ended
Mar. 31, 2013
Derivatives  
Schedule of Swaps

 

 

Notional

 

Effective Date

 

Fixed Rate
Paid

 

Variable Rate Received

 

 

 

 

 

 

 

 

 

$

 544,500,000

 

March 28, 2013

 

1.884

%

3 mo. USD-LIBOR-BBA, subject to a 1.00% floor

 

144,275,000

 

March 28, 2013

 

1.384

%

3 mo. USD-LIBOR-BBA, subject to a 1.00% floor

 

Schedule of impact of the derivatives designated as cash flow hedges on the condensed consolidated financial statements

The impact of the derivatives designated as cash flow hedges on the condensed consolidated financial statements is depicted below (amounts in thousands):

 

 

 

For the three months ended March 31,

 

 

 

2013

 

2012

 

 

 

 

 

 

 

Effective portion of gain (loss) recognized in Accumulated other comprehensive loss

 

$

(909

)

(2,503

)

 

 

 

 

 

 

Effective portion of gain (loss) reclassified from Accumulated other comprehensive loss into Net income (a)

 

$

(1,168

)

(98

)

 

 

 

 

 

 

Ineffective portion of amount of gain (loss) recognized into Net income on interest rate swaps (a)

 

$

19

 

 

 

(a)         Amounts are included in Interest expense in the unaudited condensed consolidated statements of operations and comprehensive income (loss).