Derivative Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2015

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivatives

The Company’s derivatives comprised the following as of March 31, 2015 and December 31, 2014 (in thousands):

	March 31, 2015							December 31, 2014
	(Unaudited)
	Notional Amount		Fair Value					Notional Amount		Fair Value
			Asset		Liability					Asset		Liability
Interest rate swaps	$	50,680	$	—	$	(798	)	$	685	$	—	$	(11	)
Interest rate caps		180,373		114		—			180,434		260		—
Total	$	231,053	$	114	$	(798	)	$	181,119	$	260	$	(11	)

The changes in the fair value of the Company’s derivatives during the three months ended March 31, 2015 and 2014 comprised the following (in thousands):

	Three Months Ended March 31,
	2015			2014
	(Unaudited)
Interest rate swaps	$	(787	)	$	2
Interest rate caps		(146	)		91
Total	$	(933	)	$	93
Comprehensive Income Statement Presentation:
Other (loss) income	$	(147	)	$	93
Unrealized loss on cash flow hedge		(786	)		—
Total	$	(933	)	$	93