Derivative Instruments (Tables)

12 Months Ended

Dec. 31, 2017

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Interest Rate Derivatives

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

Notional Amount										Fair Value at Significant Other Observable Inputs (Level 2)
As of December 31, 2017			As of December 31, 2016			Type of Derivative	Strike Rate	Effective Date	Expiration Date	As of December 31, 2017 (6)			As of December 31, 2016 (6)
Currently-paying contracts
$	206,000	(1)	$	—		Swap	1.611	Jun 15, 2017	Jan 15, 2020	$	1,409		$	—
54,905		(1)	—			Swap	1.605	Jun 6, 2017	Jan 6, 2020	374			—
—			206,000		(1)	Swap	0.932	Jun 18, 2012	Apr 18, 2017	—			(90		)
—			54,905		(1)	Swap	0.670	Aug 6, 2012	Apr 6, 2017	—			16
75,000		(1)	75,000		(1)	Swap	1.016	Apr 6, 2016	Jan 6, 2021	2,260			1,911
75,000		(1)	75,000		(1)	Swap	1.164	Jan 15, 2016	Jan 15, 2021	1,947			1,487
300,000		(2)	300,000		(2)	Swap	1.435	Jan 15, 2016	Jan 15, 2023	9,978			8,128
—			130,850		(3)	Swap	0.925	Jul 17, 2012	Apr 18, 2017	—			18
229,012		(4)	209,132		(4)	Swap	0.792	Jan 15, 2016	Jan 15, 2019	(430		)	(1,818		)
78,357		(5)	73,294		(5)	Swap	0.779	Jan 15, 2016	Jan 15, 2021	3,034			1,556
$	1,018,274		$	1,124,181						$	18,572		$	11,208

(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 $0.69 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 rates of $1.35 to £1.00 as of December 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 rates of $0.80 to 1.00 CAD as of December 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.