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Derivative Financial Instruments (Tables)
 12 Months Ended
Dec. 31, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of derivatives
The Company’s derivatives comprised the following as of December 31, 2017 and 2016 (in thousands):
 
 
December 31, 
 
2017
 
2016
 
Notional
 
Fair Value
 
Notional
 
Fair Value
 
Amount
 
Asset
 
Liability
 
Amount
 
Asset
 
Liability
Interest rate swaps
$
56,079

 
$
10

 
$
(69
)
 
$
56,901

 
$
—

 
$
(829
)
Interest rate caps
345,000

 
1,515

 
—

 
270,000

 
259

 
—

Total
$
401,079

 
$
1,525

 
$
(69
)
 
$
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 years ended December 31, 2017, 2016, and 2015 was as follows (in thousands):
 
 
Years Ended December 31, 
 
2017
 
2016
 
2015
Interest rate swaps
$
770

 
$
(795
)
 
$
(1,071
)
Interest rate caps
357

 
(146
)
 
(233
)
Total
$
1,127

 
$
(941
)
 
$
(1,304
)
Comprehensive income statement presentation:
 

 
 

 
 

Change in fair value of interest rate derivatives
$
1,127

 
$
(941
)
 
$
(229
)
Unrealized gain (loss) on cash flow hedge
—

 
—

 
(1,075
)
Total
$
1,127

 
$
(941
)
 
$
(1,304
)