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Derivative Financial Instruments (Tables)
 6 Months Ended
Jun. 30, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of derivatives
The Company’s derivatives were comprised of the following as of June 30, 2017 and December 31, 2016 (in thousands): 
 
 
June 30, 2017
 
December 31, 2016
 
 
(Unaudited)
 
 
 
 
 
 
 
 
Notional
Amount
 
Fair Value
 
Notional
Amount
 
Fair Value
 
 
 
 
Asset
 
Liability
 
 
 
Asset
 
Liability
Interest rate swaps
 
$
56,170

 
$
13

 
$
(574
)
 
$
56,901

 
$
—

 
$
(829
)
Interest rate caps
 
320,000

 
546

 
—

 
270,000

 
259

 
—

Total
 
$
376,170

 
$
559

 
$
(574
)
 
$
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 and six months ended June 30, 2017 and 2016 were comprised of the following (in thousands): 
 
 
Three Months Ended 
 June 30,
 
Six Months Ended 
 June 30,
 
 
2017
 
2016
 
2017
 
2016
 
 
(Unaudited)
Interest rate swaps
 
$
7

 
$
(244
)
 
$
268

 
$
(2,488
)
Interest rate caps
 
(88
)
 
(129
)
 
(55
)
 
(274
)
Total
 
$
(81
)
 
$
(373
)
 
$
213

 
$
(2,762
)
Income statement presentation:
 
 

 
 

 
 
 
 
Change in fair value of interest rate derivatives
 
$
(81
)
 
$
(373
)
 
$
213

 
$
(2,762
)
Total
 
$
(81
)
 
$
(373
)
 
$
213

 
$
(2,762
)