Derivative Instruments (Tables)

3 Months Ended

Mar. 31, 2017

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Outstanding Derivative Instruments

As of March 31, 2017, the Company had the following outstanding derivatives that were designated as foreign currency net investment hedges under qualifying hedging relationships (notional and fair value amounts in thousands):



Foreign Currency Derivative	Number of Instruments	Notional Amount Sold	Notional Amount Purchased	Maturity Date	Fair Value
Currency forward contracts	1	GBP 87,299	USD 126,961	12/15/2017	$	16,560

As of March 31, 2017 and December 31, 2016, we had the following outstanding interest rate derivatives that were designated as effective cash flow hedges of interest rate risk (in thousands):



Notional Amount										Fair Value at Significant Other Observable Inputs (Level 2)
As of March 31, 2017			As of December 31, 2016			Type of Derivative	Strike Rate	Effective Date	Expiration Date	As of March 31, 2017				As of December 31, 2016
Currently-paying contracts
$	206,000	⁽¹⁾	$	206,000	⁽¹⁾	Swap	0.932	Jun 18, 2012	Apr 18, 2017	$	1		⁽⁶⁾	$	(90	)	⁽⁶⁾
54,905		⁽¹⁾	54,905		⁽¹⁾	Swap	0.670	Aug 6, 2012	Apr 6, 2017	1			⁽⁶⁾	16			⁽⁶⁾
75,000		⁽¹⁾	75,000		⁽¹⁾	Swap	1.016	Apr 6, 2016	Jan 6, 2021	2,086			⁽⁶⁾	1,911			⁽⁶⁾
75,000		⁽¹⁾	75,000		⁽¹⁾	Swap	1.164	Jan 15, 2016	Jan 15, 2021	1,688			⁽⁶⁾	1,487			⁽⁶⁾
300,000		⁽²⁾	300,000		⁽²⁾	Swap	1.435	Jan 15, 2016	Jan 15, 2023	9,173			⁽⁶⁾	8,128			⁽⁶⁾
135,663		⁽³⁾	130,850		⁽³⁾	Swap	0.925	Jul 17, 2012	Apr 18, 2017	(5		)	⁽⁶⁾	18			⁽⁶⁾
212,691		⁽⁴⁾	209,132		⁽⁴⁾	Swap	0.792	Jan 15, 2016	Jan 15, 2019	(1,550		)	⁽⁶⁾	(1,818		)	⁽⁶⁾
73,964		⁽⁵⁾	73,294		⁽⁵⁾	Swap	0.779	Jan 15, 2016	Jan 15, 2021	1,414			⁽⁶⁾	1,556			⁽⁶⁾
$	1,133,223		$	1,124,181						$	12,808			$	11,208

Forward-starting contracts
$	206,000		$	—		Forward-starting Swap	1.611	Jun 15, 2017	Jan 15, 2020	$	318			$	—
54,905			—			Forward-starting Swap	1.605	Jun 6, 2017	Jan 6, 2020	77				—
$	260,905		$	—						$	395			$	—


(1)	Represents portions of the U.S. dollar tranche of the 5-Year Term Loan.


(2)	Represents the U.S. dollar tranche of the 7-Year Term Loan.


(3)	Represents a portion of the Singapore dollar tranche of the 5-Year Term Loan. Translation to U.S. dollars is based on exchange rate of $0.72 to 1.00 SGD as of March 31, 2017 and $0.69 to 1.00 SGD as of December 31, 2016.


(4)	Represents the British pound sterling tranche of the 5-Year Term Loan. Translation to U.S. dollars is based on exchange rate of $1.26 to £1.00 as of March 31, 2017 and $1.23 to £1.00 as of December 31, 2016.


(5)	Represents the Canadian dollar tranche of the 5-Year Term Loan. Translation to U.S. dollars is based on exchange rate of $0.75 to 1.00 CAD as of March 31, 2017 and $0.74 to 1.00 CAD as of December 31, 2016.


(6)	Balance recorded in other assets in the consolidated balance sheets if positive and recorded in accounts payable and other accrued liabilities in the consolidated balance sheets if negative.

- Definition

Tabular disclosure of pertinent information about a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=64837297&loc=d3e41641-113959

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
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-URI http://asc.fasb.org/extlink&oid=64837297&loc=SL5624163-113959

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
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-Publisher FASB
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Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
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-URI http://asc.fasb.org/extlink&oid=64837297&loc=SL5624171-113959

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-Publisher FASB
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-Publisher FASB
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-URI http://asc.fasb.org/extlink&oid=64837297&loc=d3e41620-113959

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

+ Details