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Derivative Instruments And Hedging Activities (Tables)
6 Months Ended
Jun. 30, 2016
General Discussion Of Derivative Instruments And Hedging Activities [Abstract]  
Schedule Of Notional Values And Fair Values Of Derivative Instruments

The following table provides the notional values and fair values of our derivative instruments as of June 30, 2016 and December 31, 2015 (in thousands):

 

 

 

June 30, 2016

 

 

 

 

 

 

 

Asset Derivatives

 

 

Liability Derivatives

 

 

 

Notional Value

 

 

Balance Sheet

Location

 

Positive

Fair Value

 

 

Balance Sheet

Location

 

Negative

Fair Value

 

Derivatives designated as hedging instruments under Topic 815:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash flow interest rate contracts

 

$

936,507

 

 

Other assets

 

$

 

 

Accounts

payable and

accrued expenses

 

$

(17,707

)

 

 

 

December 31, 2015

 

 

 

 

 

 

 

Asset Derivatives

 

 

Liability Derivatives

 

 

 

Notional Value

 

 

Balance Sheet

Location

 

Positive

Fair Value

 

 

Balance Sheet

Location

 

Negative

Fair Value

 

Derivatives designated as hedging instruments under Topic 815:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash flow interest rate contracts

 

$

179,110

 

 

Other assets

 

$

 

 

Accounts

payable and

accrued expenses

 

$

(3,591

)

 

Schedule Of Derivative Instruments In Consolidated Statements Of Operations

The following table shows the effect of our company’s derivative instruments in the consolidated statements of operations for the three and six months ended June 30, 2016 and 2015 (in thousands):

 

 

 

Three Months Ended June 30, 2016

 

 

 

Gain/(Loss)

Recognized in

OCI

(Effectiveness)

 

 

Location of

Loss

Reclassified

From OCI

Into Income

 

Loss

Reclassified

From OCI

Into Income

 

 

Location of

Loss

Recognized in

OCI

(Ineffectiveness)

 

Loss

Recognized

Due to

Ineffectiveness

 

Cash flow interest rate contracts

 

$

(7,099

)

 

Interest expense

 

$

1,537

 

 

None

 

$

33

 

 

 

 

Three Months Ended June 30, 2015

 

 

 

Gain/(Loss)

Recognized in

OCI

(Effectiveness)

 

 

Location of

Loss

Reclassified

From OCI

Into Income

 

Loss

Reclassified

From OCI

Into Income

 

 

Location of

Loss

Recognized in

OCI

(Ineffectiveness)

 

Loss

Recognized

Due to

Ineffectiveness

 

Cash flow interest rate contracts

 

$

124

 

 

Interest expense

 

$

1,046

 

 

None

 

$

 

 

 

 

Six Months Ended June 30, 2016

 

 

 

Gain/(Loss)

Recognized in

OCI

(Effectiveness)

 

 

Location of

Loss

Reclassified

From OCI

Into Income

 

Loss

Reclassified

From OCI

Into Income

 

 

Location of

Loss

Recognized in

OCI

(Ineffectiveness)

 

Loss

Recognized

Due to

Ineffectiveness

 

Cash flow interest rate contracts

 

$

(16,525

)

 

Interest expense

 

$

2,882

 

 

None

 

$

46

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Six Months Ended June 30, 2015

 

 

 

Gain/(Loss)

Recognized in

OCI

(Effectiveness)

 

 

Location of

Loss

Reclassified

From OCI

Into Income

 

Loss

Reclassified

From OCI

Into Income

 

 

Location of

Loss

Recognized in

OCI

(Ineffectiveness)

 

Loss

Recognized

Due to

Ineffectiveness

 

Cash flow interest rate contracts

 

$

(1,399

)

 

Interest expense

 

$

2,207

 

 

None

 

$