Derivative Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2018

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of derivatives

The Company’s derivatives were comprised of the following as of September 30, 2018 and December 31, 2017 (in thousands): 

	September 30, 2018							December 31, 2017
	(Unaudited)
	Notional Amount		Fair Value					Notional Amount		Fair Value
Derivatives not designated as accounting hedges			Asset		Liability					Asset		Liability
Interest rate swaps	$	100,000	$	744	$	—		$	56,079	$	10	$	(69	)
Interest rate caps	300,000		2,597		—			345,000		1,515		—
Total derivatives not designated as accounting hedges	400,000		3,341		—			401,079		1,525		(69		)
Interest rate swap designated as accounting hedge	52,930		—		(63		)	—		—		—
Total derivatives	$	452,930	$	3,341	$	(63	)	$	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 and nine months ended September 30, 2018 and 2017 were comprised of the following (in thousands): 

	Three Months Ended   September 30,						Nine Months Ended   September 30,
	2018			2017			2018			2017
Interest rate swaps	$	319		$	124		$	673		$	392
Interest rate caps	(151		)	(37		)	453			(92		)
Total change in fair value of interest rate derivatives	$	168		$	87		$	1,126		$	300
Comprehensive income statement presentation:
Change in fair value of interest rate derivatives	$	298		$	87		$	1,256		$	300
Unrealized cash flow hedge gains losses	(130		)	$	—		$	(130	)	$	—
Total change in fair value of interest rate derivatives	$	168		$	87		$	1,126		$	300