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Derivatives and Hedging Activities (Tables)
 9 Months Ended
Sep. 30, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Interest Rate Derivatives
The following is a summary of our interest rate swaps that were designated as cash flow hedges of interest rate risk as of September 30, 2018 and December 31, 2017 (notional amount in thousands):
Count
Fixed LIBOR
Maturity Date
Notional Amount
6
1.2% - 2.2%
2019-2024
$
992,000
Schedule of Derivative Instruments, Effect on Other Comprehensive Income (Loss)
The table below details the location of the gain or loss recognized on interest rate derivatives designated as cash flow hedges in the consolidated statements of operations and comprehensive income (loss) for the three and nine months ended September 30, 2018 and 2017 (in thousands):
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
  
2018
 
2017
 
2018
 
2017
Amount of gain (loss) recognized in OCI on derivative(1)
$
4,061

 
$
(179
)
 
$
23,107

 
$
(1,944
)
Amount of (gain) loss reclassified from AOCI into interest
   expense(1)
(1,192
)
 
228

 
(1,895
)
 
1,203


(1) 
Increases in gains are solely driven from changes in LIBOR and LIBOR futures.