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EQUITY (Tables)
12 Months Ended
Dec. 31, 2017
Equity [Abstract]  
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]
The movement in accumulated other comprehensive loss during the years ended December 31, 2017, 2016 and 2015 comprised the following:
 
Currency translation adjustment, net

 
Unrealized (loss) / gain on derivative instruments designated as hedging instruments

 
TOTAL
Accumulated Other Comprehensive Loss

BALANCE December 31, 2014
$
(169,028
)
 
$
(581
)
 
$
(169,609
)
Other comprehensive income / (loss) before reclassifications:
 
 
 
 
 
Foreign exchange loss on intercompany loans (1)
(88,997
)
 

 
(88,997
)
Reclassified to net income upon sale of subsidiaries
19,136

 

 
19,136

Currency translation adjustment
(2,100
)
 

 
(2,100
)
Change in the fair value of hedging instruments

 
(1,418
)
 
(1,418
)
Amounts reclassified from accumulated other comprehensive loss:
 
 
 
 
 
Changes in fair value reclassified to interest expense

 
579

 
579

Net other comprehensive loss
(71,961
)
 
(839
)
 
(72,800
)
BALANCE December 31, 2015
$
(240,989
)
 
$
(1,420
)
 
$
(242,409
)
Other comprehensive income / (loss) before reclassifications:
 
 
 
 
 
Foreign exchange gain on intercompany loans (1)
8,848

 

 
8,848

Foreign exchange loss on the Series B Preferred Shares
(19,412
)
 

 
(19,412
)
Currency translation adjustment
12,016

 

 
12,016

Change in the fair value of hedging instruments

 
(5,447
)
 
(5,447
)
Amounts reclassified from accumulated other comprehensive loss:
 
 
 
 
 
Changes in fair value reclassified to interest expense

 
2,416

 
2,416

Net other comprehensive income / (loss)
1,452

 
(3,031
)
 
(1,579
)
BALANCE December 31, 2016
$
(239,537
)
 
$
(4,451
)
 
$
(243,988
)
Other comprehensive income / (loss) before reclassifications:
 
 
 
 
 
Foreign exchange gain on intercompany loans (1)
11,326

 

 
11,326

Foreign exchange gain on the Series B Preferred Shares
33,444

 

 
33,444

Currency translation adjustment
10,511

 

 
10,511

Change in the fair value of hedging instruments

 
(1,942
)
 
(1,942
)
Amounts reclassified from accumulated other comprehensive loss:
 
 
 
 
 
Changes in fair value reclassified to interest expense

 
2,764

 
2,764

Changes in fair value reclassified to other non-operating income, net (2)

 
447

 
447

Net other comprehensive income
55,281

 
1,269

 
56,550

BALANCE December 31, 2017
$
(184,256
)
 
$
(3,182
)
 
$
(187,438
)
(1) 
Represents foreign exchange gains on intercompany loans that are of a long-term investment nature which are reported in the same manner as translation adjustments.
(2) 
We expect to repay the 2018 Euro Term Loan with the expected proceeds from the Divestment Transaction and have dedesignated the related hedging instruments during the third quarter of 2017. Dedesignation precludes recognition of the effective portion of the changes in fair value within accumulated other comprehensive income / loss. All related changes in fair value and those previously recognized in accumulated other comprehensive income / loss are recognized in other non-operating income, net in our consolidated statements of operations and comprehensive income / loss. See Note 14, "Financial Instruments and Fair Value Measurements".