Quarterly report pursuant to Section 13 or 15(d)

Derivatives - Summary of Outstanding Swaps (Details)

v2.4.0.8
Derivatives - Summary of Outstanding Swaps (Details) (USD $)
3 Months Ended
Sep. 30, 2014
1.884 % interest rate swaps
 
Derivatives  
Notional $ 536,250,000
Rate Paid 1.884% [1]
Variable interest rate base floor 1.00%
Variable interest rate base 3 mo.USD-LIBOR-BBA [1]
1.384 % interest rate swaps
 
Derivatives  
Notional 142,100,000
Rate Paid 1.384% [1]
Variable interest rate base floor 1.00%
Variable interest rate base 3 mo.USD-LIBOR-BBA [1]
1.959 % interest rate swaps
 
Derivatives  
Notional 111,086,683
Rate Paid 1.959%
Variable interest rate base floor 1.00%
Variable interest rate base 3 mo.USD-LIBOR-BBA
1.850 % interest rate swaps
 
Derivatives  
Notional $ 111,086,683
Rate Paid 1.85%
Variable interest rate base floor 1.00%
Variable interest rate base 3 mo.USD-LIBOR-BBA
[1] On March 25, 2013, the Company negotiated amendments to the terms of these interest rate swap agreements to coincide with the Repricing (the “Amended Swaps”). The Amended Swaps are held with the same counterparties as the Existing Swap Agreements. Upon entering into the Amended Swaps, the Company simultaneously dedesignated the Existing Swap Agreements and redesignated the Amended Swaps as cash flow hedges for the underlying change in the swap terms. The amounts previously recognized in Accumulated other comprehensive income (loss) relating to the dedesignation will be recognized in Interest expense over the remaining life of the Amended Swaps.