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Derivative Instruments (Tables)
 6 Months Ended
Jun. 30, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of interest rate derivatives

As of June 30, 2020, the Company had interest rate swap and cap agreements in place to fix or limit the floating interest rates on a portion of the borrowings under its debt facilities summarized below:
Derivatives
 
Notional Amount
 
Weighted Average
Fixed Leg (Pay) Interest Rate
 
Cap Rate
 
Weighted Average
Remaining Term
Interest Rate Swap(1)
 
$1,823.0 Million
 
2.00%
 
n/a
 
5.3 years
Interest Rate Cap
 
$200.0 Million
 
n/a
 
5.5%
 
1.5 years
(1)
The impact of forward starting swaps with total notional amount of $350.0 million will increase the weighted average remaining term to 6.3 years.
Schedule of derivatives instruments and their effect on consolidated statements of operations and consolidated statements of comprehensive income
The following table summarizes the impact of derivative instruments on the consolidated statements of operations and the consolidated statements of comprehensive income on a pretax basis (in thousands):
 
 
 
Three Months Ended  
June 30,
 
Six Months Ended 
June 30,
Derivative Instrument
Financial statement caption
 
2020
 
2019
 
2020
 
2019
Non-designated derivative instruments
Realized (gain) loss on derivative instruments, net
 
$
11

 
$
(669
)
 
$
(224
)
 
$
(1,373
)
Non-designated derivative instruments
Unrealized (gain) loss on derivative instruments, net
 
$
(11
)
 
$
1,267

 
$
286

 
$
2,253

Designated derivative instruments
Interest and debt (income) expense
 
$
6,189

 
$
(2,307
)
 
$
7,448

 
$
(4,662
)
Designated derivative instruments
Comprehensive loss
 
$
17,624

 
$
35,330

 
$
147,238

 
$
51,797