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Derivative Financial Instruments (Tables)
12 Months Ended
Dec. 31, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Instruments, Fair Value
The following table sets forth the fair value of our derivatives:

 
December 31,
 
2015
 
2014
Derivatives:
 
 
 
Derivatives designated as cash flow hedges in accounts payable, accrued expenses and other liabilities:
 
 
 
Interest rate swaps
$
3,073

 
$
2,412

Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance

The following table sets forth the effect of our cash flow hedges on AOCL and interest expense:

 
Year Ended December 31,
 
2015
 
2014
 
2013
Derivatives Designated as Cash Flow Hedges:
 
 
 
 
 
Amount of unrealized gains/(losses) recognized in AOCL on derivatives (effective portion):
 
 
 
 
 
Interest rate swaps
$
(4,040
)
 
$
(5,662
)
 
$
5,778

Amount of losses reclassified out of AOCL into contractual interest expense (effective portion):
 
 
 
 
 
Interest rate swaps
$
3,696

 
$
3,777

 
$
3,370