DERIVATIVE INSTRUMENTS (Tables)

9 Months Ended

Sep. 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 September 30, 2015 and December 31, 2014 (amounts in thousands):

	As of September 30, 2015						As of December 31, 2014
	Notional			Estimated Fair Value			Notional			Estimated Fair Value
Free-Standing Derivatives:
Interest rate swaps	$	311,667		$	(47,504	)	$	426,000		$	(54,071	)
Foreign exchange forward contracts and options	(363,836		)	32,127			(442,181		)	27,428
Total rate of return swaps	—			—			—			(130		)
Options	—			481			—			5,212
Total				$	(14,896	)				$	(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 September 30, 2015								Nine months ended September 30, 2015
	Realized gains (losses)		Unrealized gains (losses)			Total			Realized gains (losses)			Unrealized gains (losses)			Total
Interest rate swaps	$	—	$	(8,489	)	$	(8,489	)	$	(5,297	)	$	5,924		$	627
Foreign exchange forward contracts and options(1)	12,872		(11,848		)	1,024			27,107			(24,571		)	2,536
Common stock warrants	—		(411		)	(411		)	—			(2,412		)	(2,412		)
Total rate of return swaps	—		—			—			304			130			434
Options	—		(2,428		)	(2,428		)	—			(4,730		)	(4,730		)
Net realized and unrealized gains (losses)	$	12,872	$	(23,176	)	$	(10,304	)	$	22,114		$	(25,659	)	$	(3,545	)

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

	Successor Company																		Predecessor Company
	Three months ended September 30, 2014									Five months ended September 30, 2014									Four months ended April 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	$	—		$	2,892		$	2,892		$	—		$	1,767		$	1,767		$	—		$	—		$	—
Commodity swaps	338			2,678			3,016			(1,194		)	(672		)	(1,866		)	(2,515		)	(5,856		)	(8,371		)
Credit default swaps(1)	—			—			—			—			—			—			(2,167		)	1,986			(181		)
Foreign exchange forward contracts and options(2)	(11,489		)	6,082			(5,407		)	(13,129		)	5,124			(8,005		)	(2,068		)	2,784			716
Common stock warrants	1,237			(1,077		)	160			1,237			(1,082		)	155			—			137			137
Total rate of return swaps	(765		)	392			(373		)	(596		)	179			(417		)	(2,349		)	284			(2,065		)
Options	—			(136		)	(136		)	—			(646		)	(646		)	—			(19		)	(19		)
Net realized and unrealized gains (losses)	$	(10,679	)	$	10,831		$	152		$	(13,682	)	$	4,670		$	(9,012	)	$	(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 four months ended April 30, 2014 (amounts in thousands):

	For the four months ended April 30, 2014
Net gains (losses) recognized in accumulated other comprehensive income (loss) on cash flow hedges	$	(5,442	)