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DERIVATIVE INSTRUMENTS (Tables)
 3 Months Ended
Mar. 31, 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 March 31, 2015 and December 31, 2014 (amounts in thousands):
 
 
As of
March 31, 2015
 
As of
December 31, 2014
 
Notional
 
Estimated
Fair Value
 
Notional
 
Estimated
Fair Value
Free-Standing Derivatives:
 

 
 

 
 

 
 

Interest rate swaps
$
332,667

 
$
(53,801
)
 
$
426,000

 
(54,071
)
Foreign exchange forward contracts
(446,713
)
 
66,427

 
(442,181
)
 
27,428

Common stock warrants
—

 
521

 
—

 
—

Total rate of return swaps
—

 
(151
)
 
—

 
(130
)
Options
—

 
4,309

 
—

 
5,212

Total
 

 
$
17,305

 
 

 
$
(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 for the three months ended March 31, 2015 and 2014(amounts in thousands):
 
 
Successor Company
 
Predecessor Company
 
 
Three months ended March 31, 2015
 
Three months ended March 31, 2014
 
 
Realized
 gains
(losses)
 
Unrealized
gains
(losses)
 
Total
 
Realized
 gains
(losses)
 
Unrealized
gains
(losses)
 
Total
 
Interest rate swaps
$
(5,297
)
 
$
(244
)
 
$
(5,541
)
 
$
—

 
$
—

 
$
—

 
Commodity swaps
—

 
—

 
—

 
(1,914
)
 
(3,667
)
 
(5,581
)
 
Credit default swaps(1)
—

 
—

 
—

 
(2,167
)
 
1,986

 
(181
)
 
Foreign exchange forward contracts and options(2)
15

 
(594
)
 
(579
)
 
(450
)
 
68

 
(382
)
 
Common stock warrants
—

 
(1,891
)
 
(1,891
)
 
—

 
14

 
14

 
Total rate of return swaps
(165
)
 
(21
)
 
(186
)
 
(1,943
)
 
114

 
(1,829
)
 
Options
—

 
(903
)
 
(903
)
 
—

 
(411
)
 
(411
)
 
Net realized and unrealized gains (losses)
$
(5,447
)
 
$
(3,653
)
 
$
(9,100
)
 
$
(6,474
)
 
$
(1,896
)
 
$
(8,370
)
 
 
 
 
 
 
(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 three months ended March 31, 2014 (amounts in thousands):
 
 
 
For the three
 months ended March 31, 2014
 
Net gains (losses) recognized in accumulated other comprehensive income (loss) on cash flow hedges
 
$
(3,831
)