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Derivative Instruments (Tables)
 12 Months Ended
Dec. 31, 2013
Derivative Instruments [Abstract]  
Schedule of Notional Amounts of Outstanding Derivative Positions
A detail of Piedmont’s interest rate derivatives outstanding as of December 31, 2013 is as follows:

Interest Rate Derivatives:
Notional Amount
(in millions)
 
Effective Date
 
Maturity Date
 
Interest rate swap
$
125

 
11/22/2011
 
11/22/2016
 
Interest rate swap
75

 
11/22/2011
 
11/22/2016
 
Interest rate swap
50

 
11/22/2011
 
11/22/2016
 
Interest rate swap
50

 
11/22/2011
 
11/22/2016
 
Forward starting interest rate swap
70

 
3/3/2014
 
3/3/2024
 
Forward starting interest rate swap
70

 
3/3/2014
 
3/3/2024
 
Forward starting interest rate swap
70

 
3/3/2014
 
3/3/2024
 
Forward starting interest rate swap
70

 
3/3/2014
 
3/3/2024
 
    Total
$
580

 
 
 
 
 
Schedule of Interest Rate Derivatives
A detail of Piedmont’s interest rate derivatives on a gross and net basis as of December 31, 2013 and December 31, 2012, respectively, is as follows (in thousands):

Interest rate swaps classified as:
December 31, 2013
 
December 31, 2012
Gross derivative assets
$
24,176

 
$
1,075

Gross derivative liabilities
(4,526
)
 
(8,235
)
Net derivative asset/(liability)
$
19,650

 
$
(7,160
)
Schedule of Derivative Instruments, Effect on Other Comprehensive Income (Loss)
The effective portion of Piedmont's interest rate derivatives that was recorded in the accompanying consolidated statements of income for the years ended December 31, 2013, 2012, and 2011, respectively, was as follows (in thousands):

Derivative in
Cash Flow Hedging
Relationships (Interest Rate Swaps and Caps)
2013
 
2012
 
2011
Amount of loss/(gain) recognized in OCI on derivatives
$
(24,312
)
 
$
7,656

 
$
3,064

Amount of previously recorded loss reclassified from accumulated OCI into interest expense
$
(3,126
)
 
$
(3,033
)
 
$
(1,218
)