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Derivatives (Tables)
 12 Months Ended
Dec. 31, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of unrealized gain or loss recognized in Accumulated other comprehensive income (loss)
The following table summarizes the post-tax amount of unrealized gain or loss recognized in Accumulated other comprehensive income (loss) ("OCI") in the consolidated statements of redeemable noncontrolling interests and stockholders' equity (in thousands):
 
 
Year Ended December 31,
 
 
2018
 
2017
 
2016
Derivatives designated as cash flow hedges:
 
 
 
 
 
 
(Loss) gain in OCI at the beginning of the period
 
$
(4,113
)
 
$
437

 
$
(921
)
Unrealized gain (loss) recognized in OCI (1)
 
6,187

 
(5,694
)
 
335

Less: (Loss) gain reclassified from OCI to earnings (2)
 
(2,132
)
 
1,144

 
1,023

Less: Cumulative effect of adoption of new ASU (No. 2017-12) (3)
 
1,992

 
—

 
—

Less: Gain reclassified from OCI to Other expenses (income) in earnings (swap terminations) (4)
 
(5,058
)
 
—

 
—

Net gain (loss) on derivatives
 
989

 
(4,550
)
 
1,358

(Loss) gain in OCI at the end of the period
 
$
(3,124
)
 
$
(4,113
)
 
$
437

(1) 
Net of tax (expense) benefit of $(2,415), $3,611, $(220) as of December 31, 2018, 2017 and 2016, respectively.
(2) 
Net of tax benefit (expense) of $897, $(725), $(644) as of December 31, 2018, 2017 and 2016, respectively.
(3) 
Net of tax (expense) of $(687) as of December 31, 2018.
(4) 
Net of tax benefit of $1,847 as of December 31, 2018.
Offsetting assets
As of December 31, 2018, the information related to these offsetting arrangements were as follows (in thousands):
Instrument Description
 
Gross Amounts of Recognized Assets / Liabilities
 
Gross Amounts Offset in the Consolidated Balance Sheet
 
Net Amounts of Assets / Liabilities Included in the Consolidated Balance Sheet
Assets:
 
 
 
 
 
 
Derivatives
 
$
6,958

 
$
(1,605
)
 
$
5,353

 
 
 
 
 
 
 
Liabilities:
 
 
 
 
 
 
Derivatives
 
(11,910
)
 
1,605

 
(10,305
)
Total
 
$
(4,952
)
 
$
—

 
$
(4,952
)
Offsetting liabilities
As of December 31, 2018, the information related to these offsetting arrangements were as follows (in thousands):
Instrument Description
 
Gross Amounts of Recognized Assets / Liabilities
 
Gross Amounts Offset in the Consolidated Balance Sheet
 
Net Amounts of Assets / Liabilities Included in the Consolidated Balance Sheet
Assets:
 
 
 
 
 
 
Derivatives
 
$
6,958

 
$
(1,605
)
 
$
5,353

 
 
 
 
 
 
 
Liabilities:
 
 
 
 
 
 
Derivatives
 
(11,910
)
 
1,605

 
(10,305
)
Total
 
$
(4,952
)
 
$
—

 
$
(4,952
)
Schedule of derivative instruments classified as derivative assets
At December 31, 2018 the Company had the following derivative instruments (dollars in thousands):
Type
 
Quantity
 
Effective Dates
 
Maturity Dates
 
Hedge
Interest
Rates
 
Notional
Amount
 
Adjusted
Fair
Market
Value
Interest rate swap
 
1

 
5/21/2018
 
9/20/2020
 
2.69%
 
$
80,453

 
$
(254
)
Interest rate swap
 
1

 
4/29/2016
 
8/31/2022
 
1.27% - 1.29%
 
13,660

 
444

Interest rate swaps
 
10

 
7/31/2017 - 1/31/2019
 
4/30/2024 - 10/31/2024
 
2.16% - 2.69%
 
346,867

 
3,201

Interest rate swaps
 
3

 
4/30/2021
 
10/30/2026 - 10/31/2026
 
2.89% - 3.08%
 
102,720

 
(1,895
)
Interest rate swap
 
1

 
10/22/2018
 
9/20/2027
 
2.97%
 
30,182

 
(669
)
Interest rate swap
 
1

 
9/20/2020
 
6/20/2030
 
2.57%
 
67,013

 
(95
)
Interest rate swap
 
1

 
9/20/2020
 
1/20/2031
 
2.61%
 
9,899

 
57

Interest rate swaps
 
5

 
1/31/2019 - 10/31/2024
 
7/31/2034
 
2.48% - 3.04%
 
144,379

 
1,049

Interest rate swaps
 
5

 
7/31/2017 - 4/30/2024
 
7/31/2035
 
2.56% - 2.95%
 
151,778

 
658

Interest rate swaps
 
5

 
1/31/2018 - 10/18/2024
 
10/31/2036
 
2.62% - 2.95%
 
183,529

 
648

Interest rate swaps
 
4

 
1/31/2019 - 4/30/2021
 
4/30/2037
 
3.25% - 3.30%
 
150,000

 
(7,268
)
Interest rate swaps
 
3

 
10/30/2026 - 10/31/2026
 
1/31/2038
 
3.01% - 3.16%
 
101,135

 
(828
)
Total
 


 
 
 
 
 
 
 
$
1,381,615

 
$
(4,952
)