XML 33 R20.htm IDEA: XBRL DOCUMENT v3.7.0.1
Interest, Net
6 Months Ended
Jun. 30, 2017
Interest Income (Expense), Net [Abstract]  
Interest Net
Interest, Net
The following table shows the components of interest, net: 
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2017
 
2016
 
2017
 
2016
Interest on borrowings and other liabilities(1)
$
56,859

 
$
55,779

 
$
115,698

 
$
109,103

Amortization of deferred losses related to interest rate derivatives
575

 
2,997

 
1,156

 
8,369

Amortization of deferred financing fees and debt discount(2)
4,970

 
3,863

 
9,125

 
9,470

Interest expense
62,404

 
62,639

 
125,979

 
126,942

Less: Interest income
(614
)
 
(160
)
 
(1,028
)
 
(222
)
Less: Capitalized interest
(118
)
 
(27
)
 
(211
)
 
(27
)
Interest, net
$
61,672

 
$
62,452

 
$
124,740

 
$
126,693

        
(1)
Includes $988 in loan termination fees related to the prepayment of debt on three aircraft during the three and six months ended June 30, 2017 and $1,509 in loan termination fees related to the sale of one aircraft during the six months ended June 30, 2016.
(2)
Includes $986 in deferred financing fees written off related to the prepayment of debt on three aircraft during the three and six months ended June 30, 2017 and $1,972 in deferred financing fees written off related to the sale of one aircraft during the six months ended June 30, 2016.