Annual report pursuant to Section 13 and 15(d)

Interest Rate Swap Agreements (Tables)

v2.4.0.6
Interest Rate Swap Agreements (Tables)
12 Months Ended
Dec. 31, 2011
Interest Rate Swap Agreements [Abstract]  
Interest rate swap agreements designated as hedge agreements
                                                             

Amount

Designated

as a Hedge

    Nominal
Amount
   

Effective

Date

  Pay
Rate
    Receive Rate    

Expiration

Date

  Current
Liability  (1)
    Long-
Term
Liability  (2)
    Estimated
Total Fair
Value at
December 31,
2011
 
$ 106,632 (3)     $ 125,000     August 2007     4.9220%       3-Month LIBOR     August 2012   $ 3,375     $ —       $ 3,375  
$ 63,983 (4)     $ 75,000     November 2008     3.6300%       1-Month LIBOR     November 2012     2,124       —         2,124  
$ 175,000     $ 175,000     December 2010     1.3975%       1-Month LIBOR     September 2015     1,605       2,228       3,833  
$ 175,000     $ 175,000     December 2010     1.4000%       1-Month LIBOR     September 2015     1,632       2,271       3,903  
$ 100,000     $ 100,000     November 2011     1.7150%       1-Month LIBOR     April 2016     1,243       2,098       3,341  
                 

 

 

   

 

 

                           

 

 

   

 

 

   

 

 

 
$ 620,615     $ 650,000                             $ 9,979     $ 6,597     $ 16,576  
                 

 

 

   

 

 

                           

 

 

   

 

 

   

 

 

 

 

(1) 

Included in accrued other current liabilities on the consolidated balance sheet as of December 31, 2011.

(2) 

Included in other long-term liabilities on the consolidated balance sheet as of December 31, 2011.

(3) 

An additional $18,368 of this original $125,000 swap is no longer designated as a hedge as a result of the prepayment of the unextended portion of the Company’s term loan debt.

(4) 

An additional $11,017 of this original $75,000 swap is no longer designated as a hedge as a result of the prepayment of the unextended portion of the Company’s term loan debt.