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DERIVATIVE INSTRUMENTS (Tables)
6 Months Ended
Jun. 30, 2015
Derivative Instruments  
Schedule of aggregate notional amount and estimated net fair value of the derivative instruments
The table below summarizes the aggregate notional amount and estimated net fair value of the derivative instruments as of June 30, 2015 and December 31, 2014 (amounts in thousands):
 
 
As of
June 30, 2015
 
As of
December 31, 2014
 
Notional
 
Estimated
Fair Value
 
Notional
 
Estimated
Fair Value
Free-Standing Derivatives:
 

 
 

 
 

 
 

Interest rate swaps
$
323,333

 
$
(39,142
)
 
$
426,000

 
$
(54,071
)
Foreign exchange forward contracts and options
(407,403
)
 
40,314

 
(442,181
)
 
27,428

Common stock warrants

 
411

 

 

Total rate of return swaps

 

 

 
(130
)
Options

 
2,910

 

 
5,212

Total
 

 
$
4,493

 
 

 
$
(21,561
)
Schedule of effect on income from free-standing derivatives by derivative instrument type
The following table presents the amounts recorded in net realized and unrealized gain (loss) on derivatives and foreign exchange on the condensed consolidated statements of operations (amounts in thousands):
 
 
Successor Company
 
Three months ended June 30, 2015
 
Six months ended June 30, 2015
 
Two months ended June 30, 2014
 
Realized
 gains
(losses)
 
Unrealized
gains
(losses)
 
Total
 
Realized
 gains
(losses)
 
Unrealized
gains
(losses)
 
Total
 
Realized
 gains
(losses)
 
Unrealized
gains
(losses)
 
Total
Interest rate swaps
$

 
$
14,657

 
$
14,657

 
$
(5,297
)
 
$
14,413

 
$
9,116

 
$

 
$
(1,125
)
 
$
(1,125
)
Commodity swaps

 

 

 

 

 

 
(1,532
)
 
(3,350
)
 
(4,882
)
Foreign exchange forward contracts and options(1)
14,220

 
(12,129
)
 
2,091

 
14,235

 
(12,723
)
 
1,512

 
(1,640
)
 
(958
)
 
(2,598
)
Common stock warrants

 
(110
)
 
(110
)
 

 
(2,001
)
 
(2,001
)
 

 
(5
)
 
(5
)
Total rate of return swaps
469

 
151

 
620

 
304

 
130

 
434

 
169

 
(213
)
 
(44
)
Options

 
(1,399
)
 
(1,399
)
 

 
(2,302
)
 
(2,302
)
 

 
(510
)
 
(510
)
Net realized and unrealized gains (losses)
$
14,689

 
$
1,170

 
$
15,859

 
$
9,242

 
$
(2,483
)
 
$
6,759


$
(3,003
)
 
$
(6,161
)
 
$
(9,164
)
 
 
 
 
 

(1)
Net of foreign exchange remeasurement gain or loss on foreign denominated assets.

 
Predecessor Company
 
One month ended April 30, 2014
 
Four months ended April 30, 2014
 
Realized
 gains
(losses)
 
Unrealized
gains
(losses)
 
Total
 
Realized
 gains
(losses)
 
Unrealized
gains
(losses)
 
Total
Commodity swaps
$
(601
)
 
$
(2,189
)
 
$
(2,790
)
 
$
(2,515
)
 
$
(5,856
)
 
$
(8,371
)
Credit default swaps(1)

 

 

 
(2,167
)
 
1,986

 
(181
)
Foreign exchange forward contracts and options(2)
(1,618
)
 
2,716

 
1,098

 
(2,068
)
 
2,784

 
716

Common stock warrants

 
123

 
123

 

 
137

 
137

Total rate of return swaps
(406
)
 
170

 
(236
)
 
(2,349
)
 
284

 
(2,065
)
Options

 
392

 
392

 

 
(19
)
 
(19
)
Net realized and unrealized gains (losses)
$
(2,625
)
 
$
1,212

 
$
(1,413
)
 
$
(9,099
)
 
$
(684
)
 
$
(9,783
)
 
 
 
 
 
(1)
Includes related income and expense on the derivatives.

(2)
Net of foreign exchange remeasurement gain or loss on foreign denominated assets.
Predecessor Company  
Derivative Instruments  
Schedule of net (losses) gains recognized in accumulated other comprehensive loss related to derivatives in cash flow hedging relationships
The following table presents the net gains (losses) recognized in other comprehensive income (loss) related to derivatives in cash flow hedging relationships for the one and four months ended April 30, 2014 (amounts in thousands):
 
 
 
For the one
month ended
April 30, 2014
 
For the four months ended April 30, 2014
Net gains (losses) recognized in accumulated other comprehensive income (loss) on cash flow hedges
 
$
(1,611
)
 
$
(5,442
)