Derivative and Hedging Activities (Tables)

12 Months Ended

Dec. 31, 2018

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value

The table below presents the fair value of the Company's derivative financial instruments as well as their classification on the audited consolidated balance sheets as of December 31, 2018 and 2017:

		December 31,
(In thousands)	Balance Sheet Location	2018			2017
Derivatives designated as hedging instruments:
Foreign currency forwards (EUR-USD)	Derivative liabilities, at fair value	$	—		$	(304	)
Cross currency swaps (EUR)	Derivative liabilities, at fair value	—			(3,328		)
Cross currency swaps (GBP)	Derivative liabilities, at fair value	—			(1,183		)
Interest rate swaps (USD)	Derivative assets, at fair value	3,258			2,093
Interest rate swaps (GBP)	Derivative liabilities, at fair value	(1,157		)	(3,713		)
Interest rate swaps (EUR)	Derivative liabilities, at fair value	(1,443		)	(2,446		)
Total		$	658		$	(8,881	)
Derivatives not designated as hedging instruments:
Foreign currency forwards (GBP-USD)	Derivative assets, at fair value	$	3,247		$	20
Foreign currency forwards (GBP-USD)	Derivative liabilities, at fair value	—			(1,175		)
Foreign currency forwards (EUR-USD)	Derivative assets, at fair value	2,225			—
Foreign currency forwards (EUR-USD)	Derivative liabilities, at fair value	—			(1,258		)
Put options (GBP)	Derivative assets, at fair value	—			63
Interest rate swaps (EUR)	Derivative liabilities, at fair value	(1,286		)	(2,384		)
Total		$	4,186		$	(4,734	)

Schedule of Interest Rate Derivatives

As of December 31, 2018 and 2017, the Company had the following outstanding interest rate derivatives that were designated as cash flow hedges of interest rate risk:

	December 31, 2018			December 31, 2017
Derivatives	Number of Instruments	Notional Amount		Number of Instruments	Notional Amount
		(In thousands)			(In thousands)
Interest rate swaps (GBP)	48	$	234,312	19	$	301,155
Interest rate swaps (EUR)	13	212,255		13	222,190
Interest rate swaps (USD)	3	150,000		3	150,000
Total	64	$	596,567	35	$	673,345

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

The table below details the location in the consolidated financial statements of the gain or loss recognized on interest rate derivatives designated as cash flow hedges for the years ended December 31, 2018, 2017 and 2016:

	Year Ended December 31,
(In thousands)	2018			2017			2016
Amount of gain (loss) recognized in AOCI from derivatives (effective portion)	$	2,739		$	(12,893	)	$	(12,634	)
Amount of loss reclassified from AOCI into income as interest expense (effective portion)	$	(3,746	)	$	(6,029	)	$	(5,318	)
Amount of loss recognized on derivative instruments (ineffective portion, reclassifications of missed forecasted transactions and amounts excluded from effectiveness testing)	$	(559	)	$	(931	)	$	(99	)

Schedule of Foreign Currency Derivatives

As of December 31, 2018 the Company did not have foreign currency derivatives that were designated as net investment hedges used to hedge its net investments in foreign operation. As of December 31, 2017, the Company had the following outstanding foreign currency derivatives that were designated as net investment hedges used to hedge its net investments in foreign operations:

	December 31, 2017
Derivatives	Number of Instruments	Notional Amount
		(In thousands)
Cross currency swaps (EUR-USD)	3	$	43,222
Cross currency swaps (GBP-USD)	1	66,282
Foreign currency forwards (EUR-USD)	1	12,099
Total	5	$	121,603

Disclosure of Credit Derivatives

As of December 31, 2018 and 2017, the Company had the following outstanding derivatives that were not designated as hedges under qualifying hedging relationships:

	December 31, 2018			December 31, 2017
Derivatives	Number of Instruments	Notional Amount		Number of Instruments	Notional Amount
		(In thousands)			(In thousands)
Foreign currency forwards (GBP - USD)	50	$	43,000	24	$	32,116
Foreign currency forwards (EUR - USD)	38	39,500		22	35,712
Interest rate swaps (EUR)	5	138,625		6	414,093
Options (GBP-USD)	—	—		1	675
Options (EUR-USD)	—	—		5	9,250
Total	93	$	221,125	58	$	491,846

Offsetting Assets

The table below presents a gross presentation, the effects of offsetting, and a net presentation of the Company's derivatives as of December 31, 2018 and 2017. The net amounts of derivative assets or liabilities can be reconciled to the tabular disclosure of fair value. The tabular disclosure of fair value provides the location that derivative assets and liabilities are presented on the accompanying audited consolidated balance sheets.

											Gross Amounts Not Offset on the Balance Sheet
(In thousands)	Gross Amounts of Recognized Assets		Gross Amounts of Recognized (Liabilities)			Gross Amounts Offset on the Balance Sheet		Net Amounts of Assets (Liabilities) presented on the Balance Sheet			Financial Instruments		Cash Collateral Received (Posted)		Net Amount
December 31, 2018	$	8,730	$	(3,886	)	$	—	$	4,844		$	—	$	—	$	4,844
December 31, 2017	$	2,176	$	(15,791	)	$	—	$	(13,615	)	$	—	$	—	$	(13,615	)