Derivative Instruments (Tables)

6 Months Ended

Jun. 30, 2018

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Outstanding Derivative Instruments

As of June 30, 2018 and December 31, 2017, 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 June 30, 2018			As of December 31, 2017			Type of Derivative	Strike Rate	Effective Date	Expiration Date	As of June 30, 2018 (5)			As of December 31, 2017(5)
Currently-paying contracts
$	206,000	(1)	$	206,000	(1)	Swap	1.611	Jun 15, 2017	Jan 15, 2020	$	2,882		$	1,409
54,905		(1)	54,905		(1)	Swap	1.605	Jun 6, 2017	Jan 6, 2020	756			374
75,000		(1)	75,000		(1)	Swap	1.016	Apr 6, 2016	Jan 6, 2021	3,023			2,260
75,000		(1)	75,000		(1)	Swap	1.164	Jan 15, 2016	Jan 15, 2021	2,778			1,947
300,000		(2)	300,000		(2)	Swap	1.435	Jan 15, 2016	Jan 15, 2023	16,779			9,978
223,826		(3)	229,012		(3)	Swap	0.792	Jan 15, 2016	Jan 15, 2019	(158		)	(430		)
74,998		(4)	78,357		(4)	Swap	0.779	Jan 15, 2016	Jan 15, 2021	2,786			3,034
$	1,009,729		$	1,018,274						$	28,846		$	18,572

(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 the British pound sterling tranche of the 5-Year Term Loan. Translation to U.S. dollars is based on exchange rates of $1.32 to £1.00 as of June 30, 2018 and $1.35 to £1.00 as of December 31, 2017.

(4) Represents the Canadian dollar tranche of the 5-Year Term Loan. Translation to U.S. dollars is based on exchange rates of $0.76 to 1.00 CAD as of June 30, 2018 and $0.80 to 1.00 CAD as of December 31, 2017.

(5) 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.