Derivative Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2017

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of derivatives

The Company’s derivatives were comprised of the following as of March 31, 2017 and December 31, 2016 (in thousands): 

	March 31, 2017							December 31, 2016
	(Unaudited)
	Notional Amount		Fair Value					Notional Amount		Fair Value
			Asset		Liability					Asset		Liability
Interest rate swaps	$	56,214	$	—	$	(568	)	$	56,901	$	—	$	(829	)
Interest rate caps	270,000		479		—			270,000		259		—
Total	$	326,214	$	479	$	(568	)	$	326,901	$	259	$	(829	)

Schedule of changes in fair value of derivatives

The changes in the fair value of the Company’s derivatives during the three months ended March 31, 2017 and 2016 were comprised of the following (in thousands): 

		Three Months Ended   March 31,
		2017		2016
	(Unaudited)
Interest rate swaps		$	261	$	(2,244	)
Interest rate caps		33		(145		)
Total		$	294	$	(2,389	)
Income statement presentation:
Change in fair value of interest rate derivatives		$	294	$	(2,389	)
Total		$	294	$	(2,389	)