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Accumulated Other Comprehensive Loss
3 Months Ended
Mar. 31, 2018
Accumulated Other Comprehensive Loss [Abstract]  
Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Income
The following table summarizes the changes in accumulated other comprehensive income by component for the Company and the Operating Partnership for the three months ended March 31, 2018:
 
Interest Rate Protection Agreements
 
Accumulated Other Comprehensive Income of the Operating Partnership
 
Comprehensive Income Attributable to Noncontrolling Interest of the Company
 
Accumulated Other Comprehensive Income of the Company
Balance as of December 31, 2017
$
1,382

 
$
1,382

 
$
(44
)
 
1,338

Other Comprehensive Income Before Reclassifications
6,062

 
6,062

 
(183
)
 
5,879

Amounts Reclassified from Accumulated Other Comprehensive Income
487

 
487

 

 
487

Net Current Period Other Comprehensive Income
6,549

 
6,549

 
(183
)
 
6,366

Balance as of March 31, 2018
$
7,931

 
$
7,931

 
$
(227
)
 
$
7,704


The following table summarizes the reclassifications out of accumulated other comprehensive income for both the Company and the Operating Partnership for the three months ended March 31, 2018 and 2017:
 
 
Amounts Reclassified from Accumulated
Other Comprehensive Income
 
Details about Accumulated
Other Comprehensive Loss Components
 
Three Months Ended March 31, 2018
 
Three Months Ended March 31, 2017
 
Affected Line Items in the
Consolidated Statements of Operations
Interest Rate Protection Agreements:
 
 
 
 
 
 
Amortization of Previously Settled Interest Rate Protection Agreements
 
$
24

 
$
96

 
Interest Expense
Settlement Payments to our Counterparties
 
463

 
1,413

 
Interest Expense
Total
 
$
487

 
$
1,509

 
 

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 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 $95 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.