Derivative Instruments (Tables)

3 Months Ended

Mar. 31, 2019

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Summary of fair value of derivatives instruments

The reported fair values of our derivatives, which are classified in Derivative instruments on our Consolidated Balance Sheets, were as follows:

	March 31, 2019		December 31, 2018
Derivatives designated as hedging instruments:
Long-term assets:
Net investment cross currency swaps	6,197		3,259
Derivatives not designated as hedging instruments:
Current assets:
Cross currency swaps	3,777		—
Current liabilities:
Cross currency swaps	1,223		4,021
Long-term liabilities:
Cross currency and interest rate swaps	—		6,656
Total derivative instrument assets	$	9,974	$	3,259
Total derivative instrument liabilities	$	1,223	$	10,677

Summary of unrealized gain (loss) recorded in and reclassified from accumulated comprehensive income (loss)

The table below shows the total recorded unrealized (loss) gain in Comprehensive income for the derivatives designated as hedging instruments. The impact of these derivative instruments on Comprehensive income, Interest expense and AOCI for the three months ended March 31, 2019, and 2018 were as follows:

	(Loss) Gain Recognized in Comprehensive Income (Effective Portion)						Income Statement Location	Gain (Loss) Reclassified from AOCI to Income (Effective Portion)					Total Consolidated Interest Expense
	2019			2018				2019		2018			2019			2018
Cash flow hedge
Interest rate swaps	$	(1,212	)	$	6,688		Interest expense	$	1,212	$	(297	)
Net investment hedge
Cross currency swaps	3,821			(4,478		)	N/A	—		—
Total	$	2,609		$	2,210			$	1,212	$	(297	)	$	(54,655	)	$	(63,335	)

Components of the reported gain (loss) on derivatives not designated as hedging instruments

Components of the reported Gain (loss) on derivatives not designated as hedging instruments in the Consolidated Statements of Operations were as follows:

For the three months ended March 31,	2019			2018
Unrealized Gain (Loss)
Contingent redemption features - Series A Preferred Stock	$	—		$	(13,533	)
Cross currency and interest rate swaps	6,576			4,305
Interest rate swaps	—			56
	6,576			(9,172		)
Realized Loss
Cross currency and interest rate swaps	(1,393		)	(10,168		)
	(1,393		)	(10,168		)
Total Gain (Loss)
Contingent redemption features - Series A Preferred Stock	—			(13,533		)
Cross currency and interest rate swaps	5,183			(5,863		)
Interest rate swaps	—			56
Gain (loss) on derivatives, net	$	5,183		$	(19,340	)