DERIVATIVE AND HEDGING INSTRUMENTS (Tables)

12 Months Ended

Dec. 31, 2016

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Notional Amounts of Outstanding Derivative Positions

The following presents the notional amount of derivatives instruments as of the dates indicated (in thousands):    

	December 31, 2016		December 31, 2015
Derivatives designated as cash flow hedges:
Denominated in U.S. Dollars	$	245,000	$	200,000
Denominated in Canadian Dollars	$	125,000	$	90,000
Derivatives designated as net investment hedges:
Denominated in Canadian Dollars	$	56,300	$	56,300
Financial instrument designated as net investment hedge:
Denominated in Canadian Dollars	$	125,000	$	90,000

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 December 31, 2016 and 2015 (in thousands):    

			Fair Value				Maturity Dates
			December 31,
Type	Designation	Count	2016		2015			Balance Sheet Location
Assets:
Interest rate cap	Cash Flow	—	$	—	$	1,695	2019	Prepaid expenses, deferred financing costs and other assets, net
Interest rate swap	Cash Flow	3	8,083		—		2021	Prepaid expenses, deferred financing costs and other assets, net
Cross currency interest rate swaps	Net Investment	2	3,157		5,392		2025	Prepaid expenses, deferred financing costs and other assets, net
			$	11,240	$	7,087
Liabilities:
Interest rate swap	Cash Flow	1	$	716	$	1,468	2020 - 2021	Accounts payable and accrued liabilities
CAD Term Loan	Net Investment	1	93,000		64,890		2020	Term loans, net
			$	93,716	$	66,358

Schedule of Hedging Instruments on the Condensed Consolidated Statements of Income and Condensed Consolidated Statements of Equity

The following presents the effect of the Company’s hedging instruments on the consolidated statements of income and the consolidated statements of equity for years ended December 31, 2016, 2015 and 2014:

	Gain (Loss) Recognized in Other Comprehensive Income (Effective Portion)									Gain (Loss) Reclassified from Accumulated Other Comprehensive Income Into Income (Effective Portion)								Income Statement Location
	For the year ended December 31,
	2016			2015			2014			2016			2015			2014
Cash Flow Hedges:
Interest Rate Products	$	5,879		$	(4,764	)	$	(1,542	)	$	(1,360	)	$	(319	)	$	—	Interest Expense
Net Investment Hedges:
Foreign Currency Products	(2,085		)	5,476			—			—			—			—		N/A
CAD Term Loan	(3,750		)	(8,352		)	—			—			—			—		N/A
	$	44		$	(7,640	)	$	(1,542	)	$	(1,360	)	$	(319	)	$	—

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 December 31, 2016 and 2015 :

	As of December 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	$	11,240	$	—	$	11,240	$	(716	)	$	—	$	10,524
Offsetting Liabilities:
Derivatives	$	716	$	—	$	716	$	(716	)	$	—	$	—

	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 December 31, 2016 and 2015 :

	As of December 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	$	11,240	$	—	$	11,240	$	(716	)	$	—	$	10,524
Offsetting Liabilities:
Derivatives	$	716	$	—	$	716	$	(716	)	$	—	$	—

	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	)	$	—	$	—