Accumulated Other Comprehensive Income (Loss)

12 Months Ended

Dec. 31, 2015

Accumulated Other Comprehensive Income Loss Net Of Tax [Abstract]

Accumulated Other Comprehensive Income (Loss)

17. ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

The following table details the components of accumulated other comprehensive income (loss) of the Parent Company and the Operating Partnership as of and for the three years ended December 31, 2015 (in thousands):

Parent Company	Cash Flow Hedges
Balance at January 1, 2013	$	(15,918	)
Change during year		12,789
Allocation of unrealized (gains)/losses on derivative financial instruments to non-controlling interests		(152	)
Reclassification adjustments for (gains)/losses reclassified into operations		286
Balance at December 31, 2013	$	(2,995	)
Change during year		(1,190	)
Allocation of unrealized (gains)/losses on derivative financial instruments to non-controlling interests		18
Settlement of interest rate swaps		(828	)
Reclassification adjustments for (gains)/losses reclassified into operations		388
Balance at December 31, 2014	$	(4,607	)
Change during year		(1,010	)
Allocation of unrealized (gains)/losses on derivative financial instruments to non-controlling interests		5
Reclassification adjustments for (gains)/losses reclassified into operations		420
Balance at December 31, 2015	$	(5,192	)

Operating Partnership	Cash Flow Hedges
Balance at January 1, 2013	$	(16,452	)
Change during year		12,789
Reclassification adjustments for (gains)/losses reclassified into operations		286
Balance at December 31, 2013	$	(3,377	)
Change during year		(1,190	)
Settlement of interest rate swaps		(828	)
Reclassification adjustments for (gains)/losses reclassified into operations		388
Balance at December 31, 2014	$	(5,007	)
Change during year		(1,010	)
Reclassification adjustments for (gains)/losses reclassified into operations		420
Balance at December 31, 2015	$	(5,597	)

Over time, the unrealized gains and losses held in Accumulated Other Comprehensive Income (“AOCI”) will be reclassified to interest expense when the related hedged items are recognized in earnings. The current balance1 held in AOCI is expected to be reclassified to interest expense for realized losses on forecasted debt transactions over the related term of the debt obligation, as applicable.  The Company expects to reclassify $1.1 million from AOCI into interest expense within the next twelve months.