Derivative Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2019

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Summary of Outstanding Foreign Exchange Derivatives Designated as Net Investment Hedges of Foreign Currency Risk

June 30, 2019				December 31, 2018
Foreign Currency Derivatives	Number of Instruments	Notional Amount		Foreign Currency Derivatives	Number of Instruments	Notional Amount
Sell GBP Forward	4	£	360,600	Sell GBP Forward	3	£	192,300
Sell EUR Forward	2	€	339,200	Sell AUD Forward	2	A$	187,600
Sell AUD Forward	4	A$	123,900	Sell EUR Forward	1	€	185,000
Sell CAD Forward	2	C$	39,100	Sell CAD Forward	1	C$	70,600

Summary of Outstanding Interest Rate Derivatives Designated as Cash Flow Hedges of Interest Rate Risk

The following tables detail our outstanding interest rate derivatives that were designated as cash flow hedges of interest rate risk (notional amount in thousands):

June 30, 2019
Interest Rate Derivatives	Number of Instruments	Notional Amount		Strike		Index		Wtd.-Avg. Maturity (Years)
Interest Rate Swaps	2	C$	17,273		1.0%		CDOR	1.2
Interest Rate Caps	3	$	66,502		2.4%		USD LIBOR	0.2
Interest Rate Caps	1	C$	21,709		3.0%		CDOR	0.5
December 31, 2018
Interest Rate Derivatives	Number of Instruments	Notional Amount		Strike		Index		Wtd.-Avg. Maturity (Years)
Interest Rate Swaps	3	C$	90,472		1.0%		CDOR	0.5
Interest Rate Caps	9	$	204,248		2.4%		USD LIBOR	0.5
Interest Rate Caps	2	C$	39,998		2.5%		CDOR	0.6

Summary of Effect of Derivative Financial Instruments on Consolidated Statements of Operations

The following table presents the effect of our derivative financial instruments on our consolidated statements of operations ($ in thousands):

	Amount of Gain (Loss) Recognized in OCI on Derivatives						Location of Gain (Loss) Reclassified from Accumulated OCI into Income			Amount of Gain (Loss) Reclassified from Accumulated OCI into Income
Derivatives in Hedging Relationships	Three Months Ended June 30, 2019			Six Months Ended June 30, 2019							Three Months Ended June 30, 2019			Six Months Ended June 30, 2019
Net Investment Hedges
Foreign exchange contracts(1)	$	10,941		$	9,295			Interest Expense		$	—		$	—
Cash Flow Hedges
Interest rate derivatives		(33	)		(166	)		Interest Expense	(2)		(6	)		163
Total	$	10,908		$	9,129					$	(6	)	$	163
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(1)	During the three and six months ended June 30, 2019, we received net cash settlements of $5.0 million and $7.0 million, respectively, on our foreign currency forward contracts. Those amounts are included as a component of accumulated other comprehensive loss on our consolidated balance sheets.
(2)	During the three months ended June 30, 2019, we recorded total interest and related expenses of $116.9 million, which included $6,000 related to our cash flow hedges. During the six months ended June 30, 2019, we recorded total interest and related expenses of $235.6 million, which included a $163,000 expense reduction related to income generated by our cash flow hedges.