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Derivatives and Hedging Activity (Tables) | 6 Months Ended
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Jun. 30, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Outstanding interest rate derivatives | As of June 30, 2015, the Company had the following outstanding interest rate derivatives that were designated as cash flow hedges of interest rate risk (dollars in thousands):
Interest Rate Derivative |  | Number of Instruments |  | Notional
Interest rate swaps |  | 9 |  | $ | 565,000 |
Interest rate caps |  | 2 |  | $ | 219,984 |
Derivatives not designated as hedges are not speculative and are used to manage the Company’s exposure to interest rate movements and other identified risks but do not meet the strict hedge accounting requirements of GAAP. Changes in the fair value of derivatives not designated in hedging relationships are recorded directly in earnings and resulted in no adjustment to earnings for the three and six months ended June 30, 2015 and 2014. As of June 30, 2015, the Company had the following outstanding derivatives that were not designated as hedges in qualifying hedging relationships (dollars in thousands):
Product |  | Number of Instruments |  | Notional
Interest rate caps |  | 2 |  | $ | 116,289 |
Fair value of Company's derivative financial instruments and their classification on Consolidated Balance Sheet | The tables below present the fair value of the Company’s derivative financial instruments as well as their classification on the Consolidated Balance Sheets as of June 30, 2015 and December 31, 2014 (dollars in thousands):
| Asset Derivatives (included in Other assets) |  | Liability Derivatives (included in Other liabilities)
| Fair Value at: |  | Fair Value at:
| June 30, 2015 |  | December 31, 2014 |  | June 30, 2015 |  | December 31, 2014
Derivatives designated as hedging instruments: |  |  |  |  |  |  |
Interest rate products | $ | 9 |  |  | 86 |  |  | $ | 9,109 |  |  | $ | 10,368 |
Derivatives not designated as hedging instruments: |  |  |  |  |  |  |
Interest rate products | $ | 3 |  |  | $ | 2 |  |  | $ | — |  |  | $ | — |
Effect of Company's derivative financial instruments on Consolidated Statements of Operation | The tables below present the effect of the Company’s derivative financial instruments on the Consolidated Statements of Operations for the three and six months ended June 30, 2015 and 2014 (dollars in thousands):
Derivatives in Cash Flow Hedging Relationships |  | Unrealized holding gain/(loss) Recognized in OCI (Effective Portion) |  | Gain/(Loss) Reclassified from Accumulated OCI into Interest expense (Effective Portion) |  | Gain/(Loss) Recognized in Interest expense (Ineffective Portion and Amount Excluded from Effectiveness Testing)
| 2015 |  | 2014 |  | 2015 |  | 2014 |  | 2015 |  | 2014
Three Months Ended June 30, |  |  |  |  |  |  |  |  |  |  |  |
Interest rate products |  | $ | 6,186 |  |  | $ | 304 |  |  | $ | (292 | ) |  | $ | (1,145 | ) |  | $ | — |  |  | $ | 3 |
Six Months Ended June 30, |  |  |  |  |  |  |  |  |  |  |  |
Interest rate products |  | $ | (1,366 | ) |  | $ | 249 |  |  | $ | (1,029 | ) |  | $ | (2,677 | ) |  | $ | — |  |  | $ | 3 |
Effect of Company's derivatives not designated as hedging instruments on the Consolidated Statements of Operations |
|  | Gain/(Loss) Recognized in Interest income and other income/(expense), net
Derivatives Not Designated as Hedging Instruments | 2015 |  | 2014
Three Months Ended June 30, |  |  |  |
Interest rate products |  | $ | (22 | ) |  | $ | — |
Six Months Ended June 30, |  |  |  |
Interest rate products |  | $ | (24 | ) |  | $ | — |
Offsetting Assets [Table Text Block] |
Offsetting of Derivative Assets |  |  |  |  |  |  |  |
| Gross Amounts of Recognized Assets |  | Gross Amounts Offset in the Consolidated Balance Sheets |  | Net Amounts of Assets Presented in the Consolidated Balance Sheets (a) |  | Gross Amounts Not Offset in the Consolidated Balance Sheets |  |
|  |  |  | Financial Instruments |  | Cash Collateral Received |  | Net Amount
June 30, 2015 | $ | 12 |  |  | $ | — |  |  | $ | 12 |  |  | $ | — |  |  | $ | — |  |  | $ | 12 |
December 31, 2014 | $ | 88 |  |  | $ | — |  |  | $ | 88 |  |  | $ | (27 | ) |  | $ | — |  |  | $ | 61 |
(a) Amounts reconcile to the aggregate fair value of derivative assets in the “Tabular Disclosure of Fair Values of Derivative Instruments on the Balance Sheet” located in this footnote.
Offsetting Liabilities [Table Text Block] |
Offsetting of Derivative Liabilities |  |  |  |  |  |  |  |
| Gross Amounts of Recognized Liabilities |  | Gross Amounts Offset in the Consolidated Balance Sheets |  | Net Amounts of Liabilities Presented in the Consolidated Balance Sheets (b) |  | Gross Amounts Not Offset in the Consolidated Balance Sheets |  |
|  |  |  | Financial Instruments |  | Cash Collateral Posted |  | Net Amount
June 30, 2015 | $ | 9,109 |  |  | $ | — |  |  | $ | 9,109 |  |  | $ | — |  |  | $ | — |  |  | $ | 9,109 |
December 31, 2014 | $ | 10,368 |  |  | $ | — |  |  | $ | 10,368 |  |  | $ | (27 | ) |  | $ | — |  |  | $ | 10,341 |
(b) Amounts reconcile to the aggregate fair value of derivative liabilities in the “Tabular Disclosure of Fair Values of Derivative Instruments on the Balance Sheet” located in this footnote.

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