|
Interest Rate Derivatives (Details) (USD $)
|
1 Months Ended |
3 Months Ended |
|
|
Jan. 31, 2012
|
Mar. 31, 2012
|
Mar. 31, 2011
|
Dec. 31, 2011
|
| Fair values of interest rate swap derivatives |
|
|
|
|
| Fair value of interest rate swaps |
|
$ (2,673,000)
|
|
$ (30,147,000)
|
| Cash settlement of the forward starting swaps and interest accrued thereon |
29,700,000
|
29,738,000
|
|
|
| Effect of interest rate derivatives on consolidated statements of operations and comprehensive income |
|
|
|
|
| Amount of loss recognized in AOCL (effective portion) |
|
(1,987,000)
|
(136,000)
|
|
| Amount of loss reclassified from AOCL into interest expense (effective portion) |
|
(1,474,000)
|
(1,104,000)
|
|
|
Interest rate swaps
|
|
|
|
|
| Fair value of interest rate derivatives and balance sheet classification |
|
|
|
|
| Fair value of interest rate swaps classified as prepaid expenses and other assets |
|
|
|
111,000
|
| Fair value of Interest rate swaps classified as interest rate derivatives |
|
(2,673,000)
|
|
(2,255,000)
|
| Fair value of interest rate swaps not designated as hedge classified as prepaid expenses and other assets |
|
|
|
605,000
|
| Fair value of interest rate swaps not designated as hedge classified as interest rate derivatives |
|
|
|
(28,608,000)
|
| Approximate amount to be reclassified from AOCL to interest expense over the next 12 months |
|
2,500,000
|
|
|
| Interest rate derivatives in liability position, fair value |
|
2,700,000
|
|
|
| Termination value to settle obligations under interest rate derivative agreements |
|
3,300,000
|
|
|
|
Designated | Interest rate swap, effective date January 3, 2011
|
|
|
|
|
| Fair values of interest rate swap derivatives |
|
|
|
|
| Notional Amount |
|
50,000,000
|
|
|
| Fixed rate (as a percent) |
|
0.5025%
|
|
|
| Floating rate index |
|
One-Month LIBOR
|
|
|
| Fair value of interest rate swaps |
|
|
|
(1,000)
|
|
Designated | Interest rate swap two, effective date January 3, 2011
|
|
|
|
|
| Fair values of interest rate swap derivatives |
|
|
|
|
| Notional Amount |
|
50,000,000
|
|
|
| Fixed rate (as a percent) |
|
0.5025%
|
|
|
| Floating rate index |
|
One-Month LIBOR
|
|
|
| Fair value of interest rate swaps |
|
|
|
(1,000)
|
|
Designated | Interest rate swap, effective date January 2, 2009
|
|
|
|
|
| Fair values of interest rate swap derivatives |
|
|
|
|
| Notional Amount |
|
120,000,000
|
|
|
| Fixed rate (as a percent) |
|
1.76%
|
|
|
| Floating rate index |
|
One-Month LIBOR
|
|
|
| Fair value of interest rate swaps |
|
(152,000)
|
|
(552,000)
|
|
Designated | Interest rate swap, effective date January 1, 2010
|
|
|
|
|
| Fair values of interest rate swap derivatives |
|
|
|
|
| Notional Amount |
|
100,000,000
|
|
|
| Fixed rate (as a percent) |
|
1.975%
|
|
|
| Floating rate index |
|
One-Month LIBOR
|
|
|
| Fair value of interest rate swaps |
|
(144,000)
|
|
(532,000)
|
|
Designated | Interest rate swap, effective date January 3, 2012
|
|
|
|
|
| Fair values of interest rate swap derivatives |
|
|
|
|
| Notional Amount |
|
100,000,000
|
|
|
| Fixed rate (as a percent) |
|
0.6123%
|
|
|
| Floating rate index |
|
One-Month LIBOR
|
|
|
| Fair value of interest rate swaps |
|
(282,000)
|
|
55,000
|
|
Designated | Interest rate swap one, effective date January 3, 2012
|
|
|
|
|
| Fair values of interest rate swap derivatives |
|
|
|
|
| Notional Amount |
|
100,000,000
|
|
|
| Fixed rate (as a percent) |
|
0.61%
|
|
|
| Floating rate index |
|
One-Month LIBOR
|
|
|
| Fair value of interest rate swaps |
|
(277,000)
|
|
56,000
|
|
Designated | Interest rate swap two, effective date January 3, 2012
|
|
|
|
|
| Fair values of interest rate swap derivatives |
|
|
|
|
| Notional Amount |
|
100,000,000
|
|
|
| Fixed rate (as a percent) |
|
0.832%
|
|
|
| Floating rate index |
|
One-Month LIBOR
|
|
|
| Fair value of interest rate swaps |
|
(365,000)
|
|
(66,000)
|
|
Designated | Interest rate swap three, effective date January 3, 2012
|
|
|
|
|
| Fair values of interest rate swap derivatives |
|
|
|
|
| Notional Amount |
|
100,000,000
|
|
|
| Fixed rate (as a percent) |
|
0.832%
|
|
|
| Floating rate index |
|
One-Month LIBOR
|
|
|
| Fair value of interest rate swaps |
|
(363,000)
|
|
(49,000)
|
|
Designated | Interest rate swap, effective date November 2, 2010
|
|
|
|
|
| Fair values of interest rate swap derivatives |
|
|
|
|
| Notional Amount |
|
39,027,000
|
|
|
| Fixed rate (as a percent) |
|
3.83%
|
|
|
| Floating rate index |
|
One-Month LIBOR
|
|
|
| Fair value of interest rate swaps |
|
(1,090,000)
|
|
(1,054,000)
|
| Notional amount of interest rate derivatives after scheduled amortization |
|
36,200,000
|
|
|
|
Not-designated | Interest rate swap two, effective date December 30, 2011
|
|
|
|
|
| Fair values of interest rate swap derivatives |
|
|
|
|
| Notional Amount |
|
75,000,000
|
|
|
| Fixed rate (as a percent) |
|
2.0525%
|
|
|
| Floating rate index |
|
Three-Month LIBOR-Reverse
|
|
|
| Fair value of interest rate swaps |
|
|
|
260,000
|
|
Not-designated | Interest rate swap, effective date September 30, 2011
|
|
|
|
|
| Fair values of interest rate swap derivatives |
|
|
|
|
| Notional Amount |
|
100,000,000
|
|
|
| Fixed rate (as a percent) |
|
3.8415%
|
|
|
| Floating rate index |
|
Three-Month LIBOR
|
|
|
| Fair value of interest rate swaps |
|
|
|
(16,333,000)
|
|
Not-designated | Interest rate swap two, effective date September 30, 2011
|
|
|
|
|
| Fair values of interest rate swap derivatives |
|
|
|
|
| Notional Amount |
|
75,000,000
|
|
|
| Fixed rate (as a percent) |
|
3.845%
|
|
|
| Floating rate index |
|
Three-Month LIBOR
|
|
|
| Fair value of interest rate swaps |
|
|
|
(12,275,000)
|
|
Not-designated | Interest rate swap, effective date December 30, 2011
|
|
|
|
|
| Fair values of interest rate swap derivatives |
|
|
|
|
| Notional Amount |
|
100,000,000
|
|
|
| Fixed rate (as a percent) |
|
2.0525%
|
|
|
| Floating rate index |
|
Three-Month LIBOR-Reverse
|
|
|
| Fair value of interest rate swaps |
|
|
|
$ 345,000
|