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Derivative Financial Instruments (Tables)
9 Months Ended
Sep. 30, 2014
Aggregate Notional Amount and Estimated Net Fair Value of Derivative Instruments

The following table summarizes the aggregate notional amount and estimated net fair value of our derivative instruments as of September 30, 2014 and December 31, 2013:

 

     As of September 30, 2014     As of December 31, 2013  
     Notional      Fair Value of
Assets
     Fair Value of
Liabilities
    Notional      Fair Value of
Assets
     Fair Value of
Liabilities
 

Cash flow hedges:

          

Interest rate swaps

   $ 1,072,409       $ 46       $ (81,998   $ 1,071,447       $ 183       $ (113,331

Interest rate caps

     36,000         686         0        36,000         1,122         0   
  

 

 

    

 

 

    

 

 

   

 

 

    

 

 

    

 

 

 

Net fair value

   $ 1,108,409       $ 732       $ (81,998   $ 1,107,447       $ 1,305       $ (113,331