Derivative Instruments (Tables)

12 Months Ended

Dec. 31, 2018

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Interest Rate Derivatives

As of December 31, 2018 and December 31, 2017, 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, 2018			As of December 31, 2017			Type of Derivative	Strike Rate	Effective Date	Expiration Date	As of December 31, 2018 (4)		As of December 31, 2017 (4)
Currently-paying contracts
$	206,000	(1)	$	206,000	(1)	Swap	1.611	Jun 15, 2017	Jan 15, 2020	$	1,976	$	1,409
54,905		(1)	54,905		(1)	Swap	1.605	Jun 6, 2017	Jan 6, 2020	517		374
75,000		(1)	75,000		(1)	Swap	1.016	Apr 6, 2016	Jan 6, 2021	2,169		2,260
75,000		(1)	75,000		(1)	Swap	1.164	Jan 15, 2016	Jan 15, 2021	1,970		1,947
300,000		(1)	300,000		(1)	Swap	1.435	Jan 15, 2016	Jan 15, 2023	11,463		9,978
—			229,012		(2)	Swap	0.792	Jan 15, 2016	Jan 15, 2019	—		(430		)
72,220		(3)	78,357		(3)	Swap	0.779	Jan 15, 2016	Jan 15, 2021	2,024		3,034
$	783,125		$	1,018,274						$	20,119	$	18,572

(1) Represents debt which bears interest based on one-month U.S. LIBOR.

(2) Represents debt which bears interest based on one-month GBP LIBOR. Translation to U.S. dollars is based on exchange rate of $1.35 to £1.00 as of December 31, 2017.

(3) Represents debt which bears interest based on one-month CDOR. Translation to U.S. dollars is based on exchange rates of $0.73 to 1.00 CAD as of December 31, 2018 and $0.80 to 1.00 CAD as of December 31, 2017.

(4) 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.