DERIVATIVE AND HEDGING INSTRUMENTS (Tables)

3 Months Ended

Mar. 31, 2016

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Summary of Derivative and Financial Instruments Designated as Hedging Instruments

The following is a summary of the derivative and financial instruments designated as hedging instruments held by the Company at March 31, 2016 and December 31, 2015 (in thousands):    

			March 31, 2016		December 31, 2015		Maturity Dates
Type	Designation	Count	Fair Value					Balance Sheet Location
Assets:
Interest rate cap	Cash Flow	1	$	670	$	1,695	2019	Prepaid expenses, deferred financing costs and other assets, net
Cross currency interest rate swaps	Net Investment	2	2,838		5,392		2025	Prepaid expenses, deferred financing costs and other assets, net
			$	3,508	$	7,087
Liabilities:
Interest rate swap	Cash Flow	1	$	1,989	$	1,468	2020	Accounts payable and accrued liabilities
CAD Term Loan	Net Investment	1	96,388		64,890		2020	Term loans, net
			$	98,377	$	66,358

Schedule of Derivative Financial Instruments on the Condensed Consolidated Statements of Income and Condensed Consolidated Statements of Equity

The following presents the effect of the Company’s derivative financial instruments on the condensed consolidated statements of (loss) income and the condensed consolidated statements of equity for the three months ended March 31, 2016:

	Gain (Loss) Recognized in Other Comprehensive Income (Effective Portion)						Gain (Loss) Reclassified from Accumulated Other Comprehensive Income into Income (Effective Portion)					Income Statement Location
	Three Months Ended March 31,
	2016			2015			2016			2015
Cash Flow Hedges:
Interest Rate Products	$	(1,540	)	$	(1,545	)	$	(173	)	$	—	Interest Expense
Net Investment Hedges:
Foreign Currency Products	(2,503		)	—			—			—		N/A
CAD Term Loan	7,138			—			—			—		N/A
	$	3,095		$	(1,545	)	$	(173	)	$	—

Schedule of the Gross Presentation, Effects of Offsetting, and a Net Presentation of Derivatives, Assets

The table below presents a gross presentation, the effects of offsetting, and a net presentation of the Company’s derivatives as of March 31, 2016 and December 31, 2015:

As of March 31, 2016
							Gross Amounts Not Offset in the Balance Sheet
	Gross Amounts of Recognized Assets / Liabilities		Gross Amounts Offset in the Balance Sheet		Net Amounts of Assets / Liabilities presented in the Balance Sheet		Financial Instruments			Cash Collateral Received		Net Amount
Offsetting Assets:
Derivatives	$	3,508	$	—	$	3,508	$	(1,430	)	$	—	$	2,078
Offsetting Liabilities:
Derivatives	$	1,989	$	—	$	1,989	$	(1,430	)	$	—	$	559

As of December 31, 2015
							Gross Amounts Not Offset in the Balance Sheet
	Gross Amounts of Recognized Assets / Liabilities		Gross Amounts Offset in the Balance Sheet		Net Amounts of Assets / Liabilities presented in the Balance Sheet		Financial Instruments			Cash Collateral Received		Net Amount
Offsetting Assets:
Derivatives	$	7,087	$	—	$	7,087	$	(1,468	)	$	—	$	5,619
Offsetting Liabilities:
Derivatives	$	1,468	$	—	$	1,468	$	(1,468	)	$	—	$	—

Schedule of the Gross Presentation, Effects of Offsetting, and a Net Presentation of Derivatives, Liabilities

The table below presents a gross presentation, the effects of offsetting, and a net presentation of the Company’s derivatives as of March 31, 2016 and December 31, 2015:

As of March 31, 2016
							Gross Amounts Not Offset in the Balance Sheet
	Gross Amounts of Recognized Assets / Liabilities		Gross Amounts Offset in the Balance Sheet		Net Amounts of Assets / Liabilities presented in the Balance Sheet		Financial Instruments			Cash Collateral Received		Net Amount
Offsetting Assets:
Derivatives	$	3,508	$	—	$	3,508	$	(1,430	)	$	—	$	2,078
Offsetting Liabilities:
Derivatives	$	1,989	$	—	$	1,989	$	(1,430	)	$	—	$	559

As of December 31, 2015
							Gross Amounts Not Offset in the Balance Sheet
	Gross Amounts of Recognized Assets / Liabilities		Gross Amounts Offset in the Balance Sheet		Net Amounts of Assets / Liabilities presented in the Balance Sheet		Financial Instruments			Cash Collateral Received		Net Amount
Offsetting Assets:
Derivatives	$	7,087	$	—	$	7,087	$	(1,468	)	$	—	$	5,619
Offsetting Liabilities:
Derivatives	$	1,468	$	—	$	1,468	$	(1,468	)	$	—	$	—