Annual report pursuant to Section 13 and 15(d)

INTEREST RATE SWAP AGREEMENTS (Tables)

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INTEREST RATE SWAP AGREEMENTS (Tables)
12 Months Ended
Dec. 31, 2012
Interest rate swap agreements designated as hedge agreements

Below is a summary of the Company’s interest rate swap agreements, all of which are designated as cash flow hedges, as of December 31, 2012:

 

Nominal

Amount

  Effective Date     Pay Rate     Receive Rate     Expiration Date     Current
Liability  (1)
    Long-Term
Liability (2)
    Estimated
Total Fair
Value at
December 31,
2012
 

$175,000

    December 2010        1.3975     1-Month LIBOR        September 2015      $ 1,959      $ 2,991      $ 4,950   

$175,000

    December 2010        1.4000     1-Month LIBOR        September 2015        1,978        3,004        4,982   

$100,000

    November 2011        1.7150     1-Month LIBOR        April 2016        1,566        2,694        4,260   

 

         

 

 

   

 

 

   

 

 

 

$450,000

          $ 5,503      $ 8,689      $ 14,192   

 

         

 

 

   

 

 

   

 

 

 

 

(1) 

Included in accrued other current liabilities on the consolidated balance sheet as of December 31, 2012.

(2) 

Included in other long-term liabilities on the consolidated balance sheet as of December 31, 2012.