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Derivative Instruments (Tables) | 3 Months Ended
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Mar. 31, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Summary of interest rate swap instruments | The table below summarizes our interest rate swap instruments as of March 31, 2017:
Agreement Date |  | Forward Effective Date |  | Maturity Date |  | Strike Rate |  | Index |  | Notional Amount
December 21, 2016 |  | February 28, 2017 |  | January 31, 2022 |  | 1.97% |  | One-month LIBOR |  | $ | 750,000 |
December 21, 2016 |  | February 28, 2017 |  | January 31, 2022 |  | 1.97% |  | One-month LIBOR |  | 750,000 |
January 12, 2017 |  | February 28, 2017 |  | August 7, 2020 |  | 1.59% |  | One-month LIBOR |  | 1,100,000 |
January 13, 2017 |  | February 28, 2017 |  | June 9, 2020 |  | 1.63% |  | One-month LIBOR |  | 595,000 |
January 20, 2017 |  | February 28, 2017 |  | March 9, 2020 |  | 1.60% |  | One-month LIBOR |  | 325,000 |
Summary of derivative financial instruments, fair value and location in condensed consolidated balance sheets | The table below presents the fair value of our derivative financial instruments as well as their classification on the condensed consolidated balance sheets as of March 31, 2017 and December 31, 2016:
|  | Asset Derivatives |  | Liability Derivatives
|  |  |  | Fair Value at: |  |  |  | Fair Value at:
|  | Balance Sheet Location |  | March 31, 2017 |  | December 31, 2016 |  | Balance Sheet Location |  | March 31, 2017 |  | December 31, 2016
Derivatives designated as hedging instruments |  |  |  |  |  |  |  |  |  |  |  |
Interest rate swaps |  | Other assets |  | $ | 5,907 |  |  | $ | — |  |  | Other liabilities |  | $ | 4,775 |  |  | $ | — |
Derivatives not designated as hedging instruments |  |  |  |  |  |  |  |  |  |  |  |
Interest rate swaps |  | Other assets |  | — |  |  | — |  |  | Other liabilities |  | — |  |  | 8,683 |
Interest rate caps |  | Other assets |  | 11 |  |  | 29 |  |  | Other liabilities |  | — |  |  | — |
Total |  |  |  | $ | 5,918 |  |  | $ | 29 |  |  |  |  | $ | 4,775 |  |  | $ | 8,683 |
Summary of effect of derivative financial instruments on condensed consolidated statements of operations - derivative instruments not-designated as hedging instruments | The tables below present the effect of our derivative financial instruments on the condensed consolidated statements of operations for the three months ended March 31, 2017 and 2016:
|  | Amount of Gain (Loss) Recognized in OCI on Derivative (Effective Portion) |  | Location of (Gain) Loss Reclassified from Accumulated OCI into Net Loss (Effective Portion) |  | Amount of (Gain) Loss Reclassified from Accumulated OCI into Net Loss (Effective Portion) |  | Location of Gain (Loss) Recognized in Net Loss on Derivative (Ineffective Portion and Amount Excluded from Effectiveness Testing) |  | Amount of Gain (Loss) Recognized in Net Loss on Derivative (Ineffective Portion and Amounts Excluded from Effectiveness Testing)
|  | For the Three Months Ended March 31, |  |  |  | For the Three Months Ended March 31, |  |  |  | For the Three Months Ended March 31,
|  | 2017 |  | 2016 |  |  |  | 2017 |  | 2016 |  |  |  | 2017 |  | 2016
Derivatives in Cash Flow Hedging Relationships |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest rate swaps |  | $ | 10,561 |  |  | $ | — |  |  | Interest expense |  | $ | (2,711 | ) |  | $ | — |  |  | Interest expense |  | $ | 1 |  |  | $ | — |
Total |  | $ | 10,561 |  |  | $ | — |  |  |  |  | $ | (2,711 | ) |  | $ | — |  |  |  |  | $ | 1 |  |  | $ | — |
|  | Location of Gain (Loss) Recognized in Net Loss on Derivative |  | Amount of Gain (Loss) Recognized in Net Loss on Derivative
|  |  |  | For the Three Months Ended March 31,
|  |  |  | 2017 |  | 2016
Derivatives Not Designated as Hedging Instruments |  |  |  |  |  |
Interest rate swaps |  | Interest expense |  | (3,674 | ) |  | — |
Interest rate caps |  | Interest expense |  | $ | (78 | ) |  | $ | — |
Total |  |  |  | $ | (3,752 | ) |  | $ | — |

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- Definition Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -URI http://asc.fasb.org/extlink&oid=64837297&loc=SL5624171-113959 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4A -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=64837297&loc=SL5618551-113959 + Details
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- Definition Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -URI http://asc.fasb.org/extlink&oid=64837297&loc=SL5624163-113959 + Details
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- Definition Tabular disclosure of pertinent information about a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=64837297&loc=d3e41641-113959 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -URI http://asc.fasb.org/extlink&oid=64837297&loc=SL5624163-113959 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=64837297&loc=d3e41678-113959 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=64837297&loc=d3e41638-113959 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1B -URI http://asc.fasb.org/extlink&oid=64837297&loc=SL5580258-113959 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=64837297&loc=SL5579245-113959 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -URI http://asc.fasb.org/extlink&oid=64837297&loc=SL5624171-113959 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=64837297&loc=SL5579240-113959 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=64837297&loc=d3e41620-113959 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(n)(2)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 + Details
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