XML 70 R41.htm IDEA: XBRL DOCUMENT v3.10.0.1

Derivative Instruments (Tables)

6 Months Ended

Jun. 30, 2018

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:

	June 30, 2018				December 31, 2017
Derivatives designated as hedging instruments:
Long-term assets:
Interest rate swaps	$	15,289			$	6,046
Net investment cross currency swaps	121				—
Long-term liabilities:
Net investment cross currency swaps	—				1,451
Derivatives not designated as hedging instruments:
Long-term assets:
Contingent redemption features - Series A Preferred Stock	—				42,140
Current liabilities:
Interest rate swaps	72				179
Cross currency and interest rate swaps	—				4,279
Long-term liabilities:
Cross currency and interest rate swaps	7,644				7,939
Total derivative instrument assets	$	15,410			$	48,186
Total derivative instrument liabilities	$	7,716			$	13,848

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

The table below shows the total recorded unrealized gain in Comprehensive income for the derivatives designated as hedging instruments. The impact of these derivative instruments on Comprehensive income, Interest expense and AOCI were as follows:

For the three months ended June 30:

	Gain Recognized in Comprehensive Income (Effective Portion)								Income Statement Location		Gain (Loss) Reclassified from AOCI to Income (Effective Portion)
	2018				2017						2018				2017
Interest rate swaps	$	2,556			$	3,508			Interest expense		$	260			$	(3,047	)
Net investment cross currency swaps	7,570				—				N/A		—				—
Total	$	10,126			$	3,508					$	260			$	(3,047	)

For the six months ended June 30:

	Gain Recognized in Comprehensive Income (Effective Portion)								Income Statement Location		Loss Reclassified from AOCI to Income (Effective Portion)
	2018				2017						2018				2017
Interest rate swaps	$	9,244			$	6,099			Interest expense		$	(38	)		$	(5,733	)
Net investment cross currency swaps	3,092				—				N/A		—				—
Total	$	12,336			$	6,099					$	(38	)		$	(5,733	)

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

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

	For the three months ended June 30,								For the six months ended June 30,
	2018				2017				2018				2017
Unrealized (Loss) Gain
Contingent redemption features - Series A Preferred Stock	$	(28,607	)		$	27,219			$	(42,140	)		$	39,442
Cross currency and interest rate swaps	53				(145		)		4,358				$	(127	)
Interest rate swaps	48				45				103				71
	(28,506		)		27,119				(37,679		)		39,386
Realized Gain (Loss)
Contingent redemption features - Series A Preferred Stock	140,319				—				140,319				—
Cross currency and interest rate swaps	(217		)		(149		)		(10,384		)		(269		)
	140,102				(149		)		129,935				(269		)
Total Gain (Loss)
Contingent redemption features - Series A Preferred Stock	111,712				27,219				98,179				39,442
Cross currency and interest rate swaps	(164		)		(294		)		(6,026		)		(396		)
Interest rate swaps	48				45				103				71
Gain on derivatives, net	$	111,596			$	26,970			$	92,256			$	39,117

X

- References

No definition available.

+ Details

Name:	us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- 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/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4E
-URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5624181-113959

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4A
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5618551-113959

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4C
-URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5624171-113959

+ Details

Name:	us-gaap_ScheduleOfDerivativeInstrumentsGainLossInStatementOfFinancialPerformanceTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- 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://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4B
-URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5624163-113959

+ Details

Name:	us-gaap_ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of derivative instruments (including nonderivative instruments that are designated and qualify as hedging instruments) of (a) the location and amount of gains and losses reported in the statement of financial performance and (b) the location and fair value amounts of the instruments reported in the statement of financial position.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4A
-URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5618551-113959

+ Details

Name:	us-gaap_ScheduleOfDerivativesInstrumentsStatementsOfFinancialPerformanceAndFinancialPositionLocationTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration