Derivative Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2015

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivatives

The Company’s derivatives were comprised of the following as of June 30, 2015 and December 31, 2014 (in thousands):

	June 30, 2015							December 31, 2014
	(Unaudited)
	Notional Amount		Fair Value					Notional Amount		Fair Value
			Asset		Liability					Asset		Liability
Interest rate swaps	$	50,675	$	—	$	(559	)	$	685	$	—	$	(11	)
Interest rate caps		171,546		73		—			180,434		260		—
Total	$	222,221	$	73	$	(559	)	$	181,119	$	260	$	(11	)

The changes in the fair value of the Company’s derivatives during the three and six months ended June 30, 2015 and 2014 were comprised of the following (in thousands):

	Three Months Ended June 30,						Six Months Ended June 30,
	2015			2014			2015			2014
	(Unaudited)
Interest rate swaps	$	239		$	(1	)	$	(548	)	$	1
Interest rate caps		(41	)		(261	)		(187	)		(170	)
Total	$	198		$	(262	)	$	(735	)	$	(169	)
Comprehensive income statement presentation:
Other income (loss)	$	(40	)	$	(262	)	$	(187	)	$	(169	)
Unrealized gain (loss) on cash flow hedge		238			—			(548	)		—
Total	$	198		$	(262	)	$	(735	)	$	(169	)