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Derivatives (Tables)
 9 Months Ended
Sep. 30, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Derivative Instruments, Gain (Loss) [Table Text Block]
The following table represents the effect of the derivative financial instruments on the accompanying consolidated financial statements:
Derivatives in FASB
ASC Topic 815 Cash
Flow Hedging
Relationships:
Amount of Gain (Loss)
Recognized in OCI on
Derivative (Effective
Portion)
 
Location and Amount of Gain
(Loss) Reclassified
from Accumulated
OCI into Income
(Effective Portion)
 
Location and Amount of Gain or
(Loss) Recognized in
Income on  Derivative
(Ineffective Portion and
Missed Forecast)
 
Three months ended September 30,
 
 
 
Three months ended September 30,
 
 
 
Three months ended September 30,
(in thousands)
2016
 
2015
 
 
 
2016
 
2015
 
 
 
2016
 
2015
Interest rate swaps
$
1,294

 
(15,768
)
 
Interest
expense
 
$
(2,525
)
 
(2,155
)
 
Loss on derivative instruments
 
$
(40,586
)
 
—

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Derivatives in FASB
ASC Topic 815 Cash
Flow Hedging
Relationships:
Amount of Gain (Loss)
Recognized in OCI on
Derivative (Effective
Portion)
 
Location and Amount of Gain
(Loss) Reclassified
from Accumulated
OCI into Income
(Effective Portion)
 
Location and Amount of Gain or
(Loss) Recognized in
Income on  Derivative
(Ineffective Portion and
Missed Forecast)
 
Nine months ended September 30,
 
 
 
Nine months ended September 30,
 
 
 
Nine months ended September 30,
(in thousands)
2016
 
2015
 
 
 
2016
 
2015
 
 
 
2016
 
2015
Interest rate swaps
$
(25,338
)
 
(11,274
)
 
Interest
expense
 
$
(7,477
)
 
(6,654
)
 
Loss on derivative instruments
 
$
(40,586
)
 
—
Schedule of derivative instruments
The following table summarizes the terms and fair values of the Company's derivative financial instruments, as well as their classification on the Consolidated Balance Sheets: 
 
 
 
 
 
 
 
 
 
 
 
 
Fair Value
(in thousands)
 
 
 
 
 
 
 
 
 
Assets (Liabilities)(2)
Effective Date
 
Maturity Date
 
Early Termination Date (1)
 
Notional Amount
 
Bank Pays Variable Rate of
 
Regency Pays Fixed Rate of
 
September 30, 2016
 
December 31, 2015
10/16/13
 
10/16/20
 
N/A
 
$
28,100

 
1 Month LIBOR
 
2.196%
 
$
(1,373
)
 
(898
)
8/1/16
 
1/5/22
 
N/A
 
200,000

 
1 Month LIBOR
 
1.048%
 
423

 
—

8/1/16
 
1/5/22
 
N/A
 
65,000

 
1 Month LIBOR
 
1.070%
 
53

 
—

4/7/16
 
4/1/23
 
N/A
 
20,000

 
1 Month LIBOR
 
1.303%
 
(264
)
 
—

6/15/17
 
6/15/27
 
12/15/17
 
20,000

 
3 Month LIBOR
 
3.488%
(3) 
—

 
(1,798
)
6/15/17
 
6/15/27
 
12/15/17
 
100,000

 
3 Month LIBOR
 
3.480%
(3) 
—

 
(8,922
)
6/15/17
 
6/15/27
 
12/15/17
 
100,000

 
3 Month LIBOR
 
3.480%
(3) 
—

 
(8,921
)
Total derivative financial instruments
 
$
(1,161
)
 
(20,539
)
(1) Represents the date specified in the agreement for either optional or mandatory early termination by the counterparty, which will result in cash settlement. The Company has the option to terminate and settle at any date prior to this.
(2) Derivatives in an asset position are included within Other assets in the accompanying Consolidated Balance Sheets, while those in a liability position are included within Accounts payable and other liabilities.
(3) In 2014, the Company entered into $220 million of forward starting interest rate swaps to hedge the interest rate on new fixed rate ten year debt that the Company expected to issue in June 2017 for the specific purpose of repaying at maturity the $300 million notes. These interest rate swaps locked in a weighted average fixed rate of 3.48%