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Derivatives and Hedging Activities (Tables)
 12 Months Ended
Dec. 31, 2015
Derivative  
Outstanding Interest Rate Derivatives
As of December 31, 2015, we had the following outstanding interest rate derivatives that were designated as cash flow hedges of interest rate risk:
 
Interest Rate Derivative
Number of Instruments
Notional
Interest Rate Caps
5
$125,000,000
Interest Rate Swaps 
7
$550,000,000
Effect of Derivative Instruments on Consolidated Statement of Operations
The tables below present the effect of our derivative financial instruments on the Consolidated Statement of Operations for the years ended December 31, 2015, 2014 and 2013, respectively (dollars in thousands):
Derivatives in Cash Flow Hedging Relationships
 
Amount of Gain or (Loss) Recognized in OCI on Derivative (Effective Portion)
 
Location of Gain or (Loss) Reclassified from Accumulated OCI into Income (Effective Portion)
 
Amount of Gain or (Loss)
Reclassified from Accumulated
OCI into Income (Effective Portion)
 
Location of Gain or (Loss Recognized in Income on Derivative (Ineffective Portion and Amount Excluded from Effectiveness Testing)
 
Amount of Gain or (Loss) Recognized in Income on Derivative (Ineffective Portion and Amount Excluded from Effectiveness
Testing)
Years ended December 31,
 
2015
 
2014
 
2013
 
 
 
2015
 
2014
 
2013
 
 
 
2015
 
2014
 
2013
Interest rate contracts
 
$
(8,306
)
 
$
(12,335
)
 
$
10,684

 
Interest expense
 
$
(7,064
)
 
$
(11,785
)
 
$
(16,370
)
 
Interest expense
 
$
(100
)
 
$
(157
)
 
$
37

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total derivatives in cash flow hedging relationships
 
$
(8,306
)
 
$
(12,335
)
 
$
10,684

 
 
 
$
(7,064
)
 
$
(11,785
)
 
$
(16,370
)
 
 
 
$
(100
)
 
$
(157
)
 
$
37

 
Derivatives Not Designated as
Hedging Instruments
 
Location of Gain or (Loss) Recognized
in Income on Derivative
 
Amount of Gain or (Loss)
Recognized in Income on Derivative
For the year ended December 31,
 
 
 
2015
 
2014
 
2013
 
 
 
 
 
 
 
 
 
Interest rate products
 
Interest income/(expense)
 
$
(3
)
 
$
(146
)
 
$
(16
)
 
 
 
 
 
 
 
 
 
Total
 
 
 
$
(3
)
 
$
(146
)
 
$
(16
)
Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income
The chart below shows the change in the balance for the years ended December 31, 2015, 2014, and 2013:

Changes in Accumulated Other Comprehensive Income (Loss) by Component
 
Affected Line Item in the Consolidated Statements Of Operations
 
Gains and Losses on Cash Flow Hedges
For the year ended December 31,
 
 
2015
 
2014
 
2013
Beginning balance
 
 
 
$
(412
)
 
$
108

 
$
(26,054
)
Other comprehensive (loss) income before reclassifications
 
 
 
(8,306
)
 
(12,335
)
 
10,684

Amounts reclassified from accumulated other comprehensive income (interest rate contracts)
 
Interest (income)/expense
 
7,064

 
11,785

 
16,370

Net current-period other comprehensive loss (income) attributable to noncontrolling interest
 
 
 
65

 
30

 
(892
)
Net current-period other comprehensive (loss) income attributable to MAA
 
 
 
(1,177
)
 
(520
)
 
26,162

Ending balance
 
 
 
$
(1,589
)
 
$
(412
)
 
$
108