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Accumulated Other Comprehensive Loss
3 Months Ended
Mar. 31, 2015
Accumulated Other Comprehensive Loss [Abstract]  
Accumulated Other Comprehensive Loss
6. Accumulated Other Comprehensive Loss
The following tables summarize the changes in accumulated other comprehensive loss by component for the three months ended March 31, 2015 and the reclassifications out of accumulated other comprehensive loss for the three months ended March 31, 2015 and 2014:
 
Interest Rate Protection Agreements
 
Foreign Currency Translation Adjustment
 
Comprehensive Income (Loss) Attributable to Noncontrolling Interest
 
Total
Balance as of December 31, 2014
$
(14,402
)
 
$
(15
)
 
$
550

 
$
(13,867
)
Other Comprehensive (Loss) Income Before Reclassifications
(10,503
)
 
15

 
(142
)
 
(10,630
)
Amounts Reclassified from Accumulated Other Comprehensive Loss
14,178

 

 

 
14,178

Net Current Period Other Comprehensive Income (Loss)
3,675

 
15

 
(142
)
 
3,548

Balance as of March 31, 2015
$
(10,727
)
 
$

 
$
408

 
$
(10,319
)

 
 
Amount Reclassified from Accumulated Other Comprehensive Loss
 
 
Details about Accumulated Other Comprehensive Loss Components
 
Three Months Ended March 31, 2015
 
Three Months Ended March 31, 2014
 
Affected Line Item in the Consolidated Statements of Operations
Interest Rate Protection Agreements:
 
 
 
 
 
 
Reclassification of Fair Value of Interest Rate Protection Agreements (See Note 10)
 
$
12,990

 
$

 
Mark-to-Market Loss on Interest Rate Protection Agreements
Amortization of Interest Rate Protection Agreements (Previously Settled)
 
131

 
628

 
Interest Expense
Settlement Payments to our Counterparties
 
1,057

 
733

 
Interest Expense
 
 
$
14,178

 
$
1,361

 
Total

The effective portion of changes in the fair value of derivatives designated and that qualify as cash flow hedges is recorded in other comprehensive income (loss) and is subsequently reclassified to earnings through interest expense over the life of the derivative or over the life of the debt. In the next 12 months, we expect to amortize approximately $494 into net income by increasing interest expense for interest rate protection agreements we settled in previous periods. Additionally, recurring settlement amounts on the Group I Swaps, as defined in Note 10, will also be reclassified to net income. See Note 10 for more information about our derivatives.