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Derivative Instruments (Tables)
 3 Months Ended
Mar. 31, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Notional Amount of Derivatives and Other Financial Instruments The following presents the notional amount of derivatives and other financial instruments as of the dates indicated (in thousands):     
 
 
March 31, 2019
 
December 31, 2018
Derivatives designated as net investment hedges:
 
 
 
 
Denominated in Canadian Dollars
 
$
575,000

 
$
575,000

Denominated in Pounds Sterling
 
£
1,340,708

 
£
890,708

 
 
 
 
 
Financial instruments designated as net investment hedges:
 
 
 
 
Denominated in Canadian Dollars
 
$
250,000

 
$
250,000

Denominated in Pounds Sterling
 
£
1,050,000

 
£
1,050,000

 
 
 
 
 
Derivative instruments not designated:
 
 
 
 
Interest rate caps denominated in U.S. Dollars
 
$
405,819

 
$
405,819

Forward purchase contracts denominated in Canadian Dollars
 
$
(325,000
)
 
$
(325,000
)
Forward sales contracts denominated in Canadian Dollars
 
$
405,000

 
$
405,000

Forward purchase contracts denominated in Pounds Sterling
 
£
(350,000
)
 
£
(350,000
)
Forward sales contracts denominated in Pounds Sterling
 
£
350,000

 
£
350,000
Impact of Derivative Instruments on the Consolidated Statements of Comprehensive Income The following presents the impact of derivative instruments on the Consolidated Statements of Comprehensive Income for the periods presented (in thousands):
 
 
 
 
Three Months Ended March 31,
 
 
Location
 
2019
 
2018
Gain (loss) on derivative instruments designated as hedges recognized in income
 
Interest expense
 
$
5,333

 
$
(269
)
 
 
 
 
 
 
 
Gain (loss) on derivative instruments not designated as hedges recognized in income
 
Interest expense
 
$
(1,538
)
 
$
1,720

 
 
 
 
 
 
 
Gain (loss) on foreign exchange contracts and term loans designated as net investment hedge recognized in OCI
 
OCI
 
$
(87,682
)
 
$
(62,698
)