Quarterly report pursuant to Section 13 or 15(d)

Derivative Instruments and Hedging Activities

v2.4.0.6
Derivative Instruments and Hedging Activities
 3 Months Ended
Mar. 31, 2012
Derivative Instruments and Hedging Activities [Abstract]  
Derivative Instruments and Hedging Activities Disclosure [Text Block]
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES
At December 31, 2011 and March 31, 2012, the following table presents information about the fair value amounts of the Company's derivative instruments:
 
 
 
Liability Derivatives as of
 
 
December 31, 2011
 
March 31, 2012
 
 
Balance Sheet Location
 
Fair Value
 
Balance Sheet Location
 
Fair Value
Derivatives Designated as Hedging Instruments:
 
 
 
 

 
 
 
 

Interest rate swap contracts
 
Other liabilities
 
$
6,711,961

 
Other liabilities
 
$
6,241,659


 There were no derivatives not designated as hedging instruments for the three months ended March 31, 2011 and 2012. 
The following table presents information about the effects of the Company's derivative instruments on the condensed consolidated statements of comprehensive income:

 
 
As of March 31, 2012
 
 
Gain Recognized in Accumulated Other Comprehensive Income
 
Loss Reclassified from Accumulated Other Comprehensive Income
Derivatives Designated as Hedging Instruments:
 
 
 
 
Interest rate swap contracts
 
$
470,303

 
$
(487,129
)