XML 27 R14.htm IDEA: XBRL DOCUMENT v3.7.0.1
Accumulated Other Comprehensive Loss
 3 Months Ended
Mar. 31, 2017
Accumulated Other Comprehensive Loss [Abstract]  
Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Loss
The following table summarizes the changes in accumulated other comprehensive loss by component for the Company and the Operating Partnership for the three months ended March 31, 2017:
 
Interest Rate Protection Agreements
 
Accumulated Other Comprehensive Loss of the Operating Partnership
 
Comprehensive Loss Attributable to Noncontrolling Interest of the Company
 
Accumulated Other Comprehensive Loss of the Company
Balance as of December 31, 2016
$
(4,804
)
 
$
(4,804
)
 
$
161

 
(4,643
)
Other Comprehensive Income Before Reclassifications
765

 
765

 
(76
)
 
689

Amounts Reclassified from Accumulated Other Comprehensive Loss
1,509

 
1,509

 
—

 
1,509

Net Current Period Other Comprehensive Income
2,274

 
2,274

 
(76
)
 
2,198

Balance as of March 31, 2017
$
(2,530
)
 
$
(2,530
)
 
$
85

 
$
(2,445
)

The following table summarizes the reclassifications out of accumulated other comprehensive loss for both the Company and the Operating Partnership for the three months ended March 31, 2017 and 2016:
 
 
Amounts Reclassified from Accumulated
Other Comprehensive Loss
 
Details about Accumulated
Other Comprehensive Loss Components
 
Three Months Ended March 31, 2017
 
Three Months Ended March 31, 2016
 
Affected Line Items in the
Consolidated Statements of Operations
Interest Rate Protection Agreements:
 
 
 
 
 
 
Amortization of Interest Rate Protection Agreements (Previously Settled)
 
96

 
102

 
Interest Expense
Settlement Payments to our Counterparties
 
1,413

 
1,836

 
Interest Expense
Total
 
$
1,509

 
$
1,938

 
 

The effective portion of changes in the fair value of derivatives designated and that qualify as cash flow hedges is recorded in other comprehensive income (loss) and is subsequently reclassified to earnings through interest expense over the life of the derivative or over the life of the debt. In the next 12 months, we expect to amortize approximately $132 into net income by increasing interest expense for interest rate protection agreements we settled in previous periods. Additionally, recurring settlement amounts on the 2014 Swaps and 2015 Swaps (as defined in Note 10) will also be reclassified to net income. See Note 10 for more information about our derivatives.