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EQUITY AOCI (Tables)
 6 Months Ended
Jun. 30, 2018
Equity [Abstract]  
Schedule of Accumulated Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Loss
The movement in accumulated other comprehensive loss during the six months ended June 30, 2018 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, 2017
$
(184,256
)
 
$
(3,182
)
 
$
(187,438
)
Other comprehensive (loss) / income before reclassifications:
 
 
 
 
 
Foreign exchange loss on intercompany loans (1)
(3,524
)
 
—

 
(3,524
)
Foreign exchange loss on the Series B Preferred Shares
(7,677
)
 
—

 
(7,677
)
Currency translation adjustment
(11,867
)
 
—

 
(11,867
)
Change in the fair value of hedging instruments
—

 
(5,595
)
 
(5,595
)
Amounts reclassified from accumulated other comprehensive loss:
 
 
 
 


Changes in fair value reclassified to interest expense
—

 
1,231

 
1,231

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

 
1,436

 
1,436

Net other comprehensive income
(23,068
)
 
(2,928
)
 
(25,996
)
BALANCE June 30, 2018
$
(207,324
)
 
$
(6,110
)
 
$
(213,434
)
(1) 
Represents foreign exchange losses 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 a portion of the 2021 Euro Loan with the expected proceeds from the Divestment Transaction (see Note 5, "Long-term Debt and Other Financing Arrangements"). This anticipated reduction of principal amounts owing in respect of the 2021 Euro Loan will reduce future interest payments that the interest rate swap maturing on November 1, 2019 is designed to hedge. To maintain the effectiveness of the interest rate swap, we have de-designated a portion of the notional amount to align with the principal balance of the 2021 Euro Loan principal that will remain after the application of Divestment Transaction proceeds. For the portion de-designated, all related fair value adjustments including those previously recognized in accumulated other comprehensive income / loss are recognized in other non-operating income, net in our condensed consolidated statements of operations and comprehensive income / loss (see Note 12, "Financial Instruments and Fair Value Measurements"