Derivative Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2018

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of derivatives

The Company’s derivatives were comprised of the following as of March 31, 2018 and December 31, 2017 (in thousands): 

	March 31, 2018						December 31, 2017
	(Unaudited)
	Notional Amount		Fair Value				Notional Amount		Fair Value
			Asset		Liability				Asset		Liability
Interest rate swaps	$	56,033	$	289	$	—	$	56,079	$	10	$	(69	)
Interest rate caps	320,000		2,446		—		345,000		1,515		—
Total	$	376,033	$	2,735	$	—	$	401,079	$	1,525	$	(69	)

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, 2018 and 2017 were comprised of the following (in thousands): 

	Three Months Ended   March 31,
	2018		2017
Interest rate swaps	$	348	$	261
Interest rate caps	621		33
Total change in fair value of interest rate derivatives	$	969	$	294