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Risk Management and Use of Derivative Financial Instruments (Tables)
 12 Months Ended
Dec. 31, 2014
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value
The following table sets forth certain information regarding our derivative instruments (in thousands):
 
 
 
 
Asset Derivatives Fair Value at
 
Liability Derivatives Fair Value at
Derivative Designated as Hedging Instruments
 
 
 
December 31,
 
December 31,
 
Balance Sheet Location
 
2014
 
2013
 
2014
 
2013
Foreign currency forward contracts
 
Other assets, net
 
$
3,664

 
$
—

 
$
—

 
$
—

Interest rate swaps
 
Accounts payable, accrued expenses and other liabilities
 
—

 
—

 
(2,501
)
 
(219
)
 
 
 
 
$
3,664

 
$
—

 
$
(2,501
)
 
$
(219
)
Schedule of Derivative Instruments, Effect on Other Comprehensive Income (Loss)
The following tables present the impact of our derivative instruments in the consolidated financial statements (in thousands):
 
 
Amount of Gain (Loss) Recognized in
Other Comprehensive Loss on Derivatives (Effective Portion)
 
 
Years Ended December 31,
Derivatives in Cash Flow Hedging Relationships 
 
2014
 
2013
Interest rate swaps
 
$
(2,282
)
 
$
(219
)
Foreign currency forward contracts
 
3,653

 
—

Derivatives in Net Investment Hedging Relationship (a)
 
 
 
 
Foreign currency forward contracts
 
11

 
—

Total
 
$
1,382

 
$
(219
)

___________
(a)
The effective portion of the change in fair value and the settlement of these contracts are reported in the foreign currency translation adjustment section of Other comprehensive loss until the underlying investment is sold, at which time we reclassify the gain or loss to earnings.

The following tables present the impact of our derivative instruments in the consolidated financial statements (in thousands):
 
 
 
 
Amount of Gain (Loss) Reclassified from
Other Comprehensive Loss on Derivatives into Income (Effective Portion)
 
 
Location of Gain (Loss)
 
Years Ended December 31,
Derivatives in Cash Flow Hedging Relationships 
 
Recognized in Income
 
2014
 
2013
Interest rate swaps
 
Interest expense
 
$
(759
)
 
$
(1
)
Foreign currency forward contracts
 
Other income and (expenses)
 
151

 
—

Total
 
 
 
$
(608
)
 
$
(1
)
Schedule of Derivative Instruments
The interest rate swaps that we had outstanding on our consolidated subsidiaries at December 31, 2014 are summarized as follows (currency in thousands):
Interest Rate Derivatives
 
Number of Instruments
 
Notional
Amount
 
Fair Value at
December 31, 2014 (a)
Interest rate swaps
 
6
 
USD
43,600

 
$
(2,359
)
Interest rate swaps
 
1
 
GBP
5,505

 
(142
)
 
 
 
 
 
 
 
$
(2,501
)

___________
(a)
Fair value amount is based on the exchange rate of the British pound sterling at December 31, 2014, as applicable.

The following table presents the foreign currency derivative contracts we had outstanding and their designations at December 31, 2014 (currency in thousands):
Foreign Currency Derivatives
 
Number of Instruments
 
Notional
Amount
 
Fair Value at
December 31, 2014 (a)
Designated as Cash Flow Hedging Instruments
 
 
 
 
 
 
 
Foreign currency forward contracts (b)
 
47
 
EUR
18,051

 
$
2,426

Foreign currency forward contracts (c)
 
37
 
NOK
62,423

 
1,227

Designated as Net Investment Hedging Instruments
 
 
 
 
 
 
 
Foreign currency forward contracts
 
5
 
NOK
8,320

 
11

 
 
 
 
 
 
 
$
3,664

___________
(a)
Fair value amounts are based on the applicable exchange rate of the euro or the Norwegian krone, as applicable, at December 31, 2014.
(b)
On January 16, 2014, March 31, 2014, and September 17, 2014, we entered into a series of forward contracts to exchange euros for U.S. dollars for each quarter through September 2020, which was intended to protect our then-projected revenue collections against possible exchange rate fluctuations in the euro.
(c)
On February 27, 2014, September 14, 2014, and December 19, 2014, in conjunction with our Siemens AS and Apply AS investments (Note 4), we entered into a series of forward contracts to exchange Norwegian krone for U.S. dollars for each quarter through January 2020, which was intended to protect our then-projected revenue collections from this investment against possible exchange rate fluctuations in Norwegian krone.