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Risk Management and Derivatives (Tables)
12 Months Ended
Dec. 31, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of fair value of derivative financial instruments as well as their classification on Consolidated Balance Sheets
The table below presents the fair value of the Company's derivative financial instruments as well as their classification on the consolidated balance sheets as of December 31, 2016 and 2015 ($ in thousands):
 
Derivative Assets as of December 31,
 
Derivative Liabilities as of December 31,
 
2016
 
2015
 
2016
 
2015
 
Balance Sheet
Location
 
Fair
Value
 
Balance Sheet
Location
 
Fair
Value
 
Balance Sheet
Location
 
Fair
Value
 
Balance Sheet
Location
 
Fair
Value
Derivatives Designated in Hedging Relationships
 
 
 
 
 
 
 
 
 
 
 
 
Foreign exchange contracts
Other Assets
 
$

 
Other Assets
 
$
39

 
Other Liabilities
 
$
8

 
N/A
 
$

Interest rate swaps
N/A
 

 
N/A
 

 
Other Liabilities
 
39

 
Other Liabilities
 
131

Total
 
 
$

 
 
 
$
39

 
 
 
$
47

 
 
 
$
131

Derivatives not Designated in Hedging Relationships
 
 
 
 
 
 
 
 
 
 
 
 
Foreign exchange contracts
Other Assets
 
$
702

 
Other Assets
 
$
378

 
N/A
 
$

 
N/A
 
$

Interest rate cap
Other Assets
 
25

 
Other Assets
 
1,105

 
N/A
 

 
N/A
 

Total
 
 
$
727

 
 
 
$
1,483

 
 
 
$

 
 
 
$

Schedule of derivative financial instruments on Consolidated Statements of Operations
The tables below present the effect of the Company's derivative financial instruments in the consolidated statements of operations and the consolidated statements of comprehensive income (loss) for the years ended December 31, 2016, 2015 and 2014 ($ in thousands):
Derivatives Designated in Hedging Relationships
 
Location of Gain (Loss)
Recognized in Income
 
Amount of Gain (Loss) Recognized in Accumulated Other Comprehensive Income (Effective Portion)
 
Amount of Gain (Loss) Reclassified from Accumulated Other Comprehensive Income into Earnings (Effective Portion)
 
Amount of Gain (Loss) Reclassified from Accumulated Other Comprehensive Income into Earnings
 (Ineffective Portion)
For the Year Ended December 31, 2016
 
 
 
 
 
 
Interest rate cap
 
Interest Expense
 
$

 
$
(185
)
 
N/A

Interest rate cap
 
Earnings from equity investments
 
(4
)
 
(3
)
 
N/A

Interest rate swaps
 
Interest Expense
 
(175
)
 
(32
)
 
N/A

Interest rate swaps
 
Earnings from equity investments
 
94

 
(378
)
 
N/A

Foreign exchange contracts
 
Earnings from equity investments
 
(167
)
 

 
N/A

For the Year Ended December 31, 2015
 
 
 
 
 
 
Interest rate cap
 
Interest Expense
 

 
(626
)
 
N/A

Interest rate cap
 
Earnings from equity investments
 
(13
)
 
(1
)
 
N/A

Interest rate swaps
 
Interest Expense
 
(537
)
 
170

 
N/A

Interest rate swap
 
Earnings from equity method investments
 
(528
)
 
(464
)
 
N/A

Foreign exchange contracts
 
Earnings from equity method investments
 
(124
)
 

 
N/A

For the Year Ended December 31, 2014
 
 
 
 
 
 
Interest rate cap
 
Interest Expense
 

 
(56
)
 
N/A

Interest rate cap
 
Other Expense
 
(2,984
)
 

 
(3,634
)
Interest rate cap
 
Earnings from equity method investments
 
(9
)
 

 
N/A

Interest rate swaps
 
Interest Expense
 
(970
)
 
(6
)
 
N/A

Interest rate swap
 
Earnings from equity method investments
 
(753
)
 
(420
)
 
N/A

Foreign exchange contracts
 
Earnings from equity method investments
 
(471
)
 

 
N/A


 
 
 
 
Amount of Gain or (Loss) Recognized in Income
 
 
Location of Gain or
(Loss) Recognized in
Income
 
For the Years Ended December 31,
Derivatives not Designated in Hedging Relationships
 
2016
 
2015
 
2014
Interest rate cap
 
Other Expense
 
$
(1,080
)
 
$
(3,671
)
 
$
(1,347
)
Foreign exchange contracts
 
Other Expense
 
1,115

 
2,403

 
7,257

Schedule of notional amounts of outstanding derivative positions
As of December 31, 2016, the Company had the following outstanding interest rate swap that was used to hedge its variable rate debt that was designated as a cash flow hedge ($ in thousands):
Derivative Type
 
Notional
Amount
 
Variable Rate
 
Fixed Rate
 
Effective Date
 
Maturity
Interest rate swap
 
$
26,396

 
LIBOR + 2.00%
 
3.47%
 
October 2012
 
November 2019
As of December 31, 2016, the Company had the following outstanding foreign currency derivatives that were used to hedge its net investments in foreign operations that were not designated ($, €, and £ in thousands):
Derivative Type
 
Notional
Amount
 
Notional
(USD Equivalent)
 
Maturity
Sells euro ("EUR")/Buys USD Forward
 
6,300

 
$
7,095

 
January 2017
Sells pound sterling ("GBP")/Buys USD Forward
 
£
3,400

 
$
4,427

 
January 2017
As of December 31, 2016, the Company had the following outstanding interest rate cap that was used to hedge its variable rate debt that was not designated as a cash flow hedge ($ in thousands):
Derivative Type
 
Notional
Amount
 
Variable Rate
 
Fixed Rate
 
Effective Date
 
Maturity
Interest rate cap
 
$
500,000

 
LIBOR
 
1.00%
 
July 2014
 
July 2017
As of December 31, 2016, the Company had the following outstanding foreign currency derivatives that were used to hedge its net investments in foreign operations that were designated (Rs and $ in thousands):
Derivative Type
 
Notional
Amount
 
Notional
(USD Equivalent)
 
Maturity
Sells Indian rupee ("INR")/Buys USD Forward
 
350,000

 
$
5,089

 
April 2017