Derivative Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2016

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of derivatives

The Company’s derivatives comprised the following as of December 31, 2016 and 2015 (in thousands):

	December 31,
	2016							2015
	Notional		Fair Value					Notional		Fair Value
	Amount		Asset		Liability			Amount		Asset		Liability
Interest rate swaps	$	56,901	$	—	$	(829	)	$	57,093	$	—	$	(1,082	)
Interest rate caps	270,000		259		—			246,546		164		—
Total	$	326,901	$	259	$	(829	)	$	303,639	$	164	$	(1,082	)

Schedule of changes in fair value of derivatives

The changes in the fair value of the Company’s derivatives during each of the three years ended December 31, 2016 was as follows (in thousands):

	Years Ended December 31,
	2016			2015			2014
Interest rate swaps	$	(795	)	$	(1,071	)	$	5
Interest rate caps	(146		)	(233		)	(238		)
Total	$	(941	)	$	(1,304	)	$	(233	)
Comprehensive income statement presentation:
Change in fair value of interest rate derivatives	$	(941	)	$	(229	)	$	(233	)
Unrealized gain (loss) on cash flow hedge	—			(1,075		)	—
Total	$	(941	)	$	(1,304	)	$	(233	)