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Derivatives and Hedging Activities (Tables)
 6 Months Ended
Jun. 30, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value
The table below presents the fair value of the Company's derivative financial instruments as well as their classification on the Balance Sheet as of June 30, 2017 and December 31, 2016:
(In thousands)
 
Balance Sheet Location
 
June 30, 2017
 
December 31, 2016
Derivatives designated as hedging instruments:
 
 
 
 
 
 
Foreign currency forwards (EUR-USD)
 
Derivative assets, at fair value
 
$
179

 
$
972

Cross currency swaps (GBP)
 
Derivative assets, at fair value
 
12,480

 
16,868

Cross currency swaps (EUR)
 
Derivative assets, at fair value
 
—

 
3,003

Cross currency swaps (EUR)
 
Derivative liabilities, at fair value
 
(1,058
)
 
—

Interest rate swaps (GBP)
 
Derivative liabilities, at fair value
 
(6,545
)
 
(8,595
)
Interest rate swaps (EUR)
 
Derivative liabilities, at fair value
 
(3,364
)
 
(4,262
)
Total
 
 
 
$
1,692

 
$
7,986

Derivatives not designated as hedging instruments:
 
 
 
 
 
 
Foreign currency forwards (GBP-USD)
 
Derivative assets, at fair value
 
$
2,265

 
$
3,918

Foreign currency forwards (GBP-USD)
 
Derivative liabilities, at fair value
 
(32
)
 
—

Foreign currency forwards (EUR-USD)
 
Derivative assets, at fair value
 
22

 
2,108

Foreign currency forwards (EUR-USD)
 
Derivative liabilities, at fair value
 
(97
)
 
—

Put options (GBP)
 
Derivative assets, at fair value
 
13

 
131

Put options (EUR)
 
Derivative assets, at fair value
 
310

 
392

Cross currency swaps (GBP)
 
Derivative assets, at fair value
 
—

 
477

Cross currency swaps (EUR)
 
Derivative assets, at fair value
 
226

 
831

Interest rate swaps (EUR)
 
Derivative liabilities, at fair value
 
(2,022
)
 
(2,600
)
Total
 
 
 
$
685

 
$
5,257
Offsetting Assets
The table below presents a gross presentation, the effects of offsetting, and a net presentation of the Company's derivatives as of June 30, 2017 and December 31, 2016. The net amounts of derivative assets or liabilities can be reconciled to the tabular disclosure of fair value. The tabular disclosure of fair value provides the location that derivative assets and liabilities are presented on the accompanying consolidated balance sheets.
 
 
 
 
 
 
 
 
 
 
Gross Amounts Not Offset on the Balance Sheet
 
 

(In thousands)
 
Gross Amounts of Recognized Assets
 
Gross Amounts of Recognized (Liabilities)
 
Gross Amounts Offset on the Balance Sheet
 
Net Amounts of Assets (Liabilities) presented on the Balance Sheet
 
Financial Instruments
 
Cash Collateral Received (Posted)
 
Net Amount
June 30, 2017
 
$
15,495

 
$
(13,118
)
 
$
—

 
$
2,377

 
$
—

 
$
—

 
$
2,377

December 31, 2016
 
$
28,700

 
$
(15,457
)
 
$
—

 
$
13,243

 
$
—

 
$
—

 
$
13,243
Schedule of Interest Rate Derivatives
As of June 30, 2017 and December 31, 2016, the Company had the following outstanding interest rate swaps that were designated as cash flow hedges of interest rate risk:
 
 
June 30, 2017
 
December 31, 2016
Derivatives
 
Number of
Instruments
 
Notional Amount
 
Number of
Instruments
 
Notional Amount
 
 
 
 
(In thousands)
 
 
 
(In thousands)
Interest rate swaps (GBP)
 
21
 
$
499,576

 
21
 
$
474,161

Interest rate swaps (EUR)
 
14
 
468,221

 
14
 
431,213

Total
 
35
 
$
967,797

 
35
 
$
905,374
Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance
The table below details the location in the consolidated financial statements of the gain or loss recognized on interest rate derivatives designated as cash flow hedges for the three and six months ended June 30, 2017 and 2016.
 
 
Three Months Ended June 30,
 
Six Months Ended June 30,
(In thousands)
 
2017
 
2016
 
2017
 
2016
Amount of loss recognized in accumulated other comprehensive income (loss) from derivatives (effective portion)
 
$
(6,631
)
 
$
(5,071
)
 
$
(8,614
)
 
$
(14,661
)
Amount of loss reclassified from accumulated other comprehensive income (loss) into income as interest expense (effective portion)
 
$
(1,581
)
 
$
(1,333
)
 
$
(3,053
)
 
$
(2,591
)
Amount of gain (loss) recognized in income on derivative instruments (ineffective portion, reclassifications of missed forecasted transactions and amounts excluded from effectiveness testing)
 
$
30

 
$
(461
)
 
$
66

 
$
(492
)
Schedule of Foreign Cross Currency Derivatives
As of June 30, 2017, and December 31, 2016, the Company had the following outstanding foreign cross currency derivatives that were used to hedge its net investments in foreign operations:
 
 
June 30, 2017
 
December 31, 2016
Derivatives
 
Number of
Instruments
 
Notional Amount
 
Number of
Instruments
 
Notional Amount
 
 
 
 
(In thousands)
 
 
 
(In thousands)
Cross currency swaps (GBP - USD)
 
1
 
$
63,876

 
1
 
$
60,626

Cross currency swaps (EUR - USD)
 
3
 
41,215

 
3
 
37,957

Foreign currency forwards (EUR-USD)
 
1
 
10,100

 
1
 
10,100

Total
 
5
 
$
115,191

 
5
 
$
108,683
Disclosure of Credit Derivatives
As of June 30, 2017 and December 31, 2016, the Company had the following outstanding derivatives that were not designated as hedges under qualifying hedging relationships.
 
 
June 30, 2017
 
December 31, 2016
Derivatives
 
Number of
Instruments
 
Notional Amount
 
Number of
Instruments
 
Notional Amount
 
 
 
 
(In thousands)
 
 
 
(In thousands)
Foreign currency forwards (GBP - USD)
 
19
 
$
20,348

 
21
 
$
18,058

Foreign currency forwards (EUR - USD)
 
16
 
23,568

 
20
 
28,424

Cross currency swaps (GBP - USD)
 
—
 
—

 
3
 
43,457

Cross currency swaps (EUR - USD)
 
1
 
15,339

 
3
 
30,604

Interest rate swaps (EUR)
 
5
 
138,519

 
5
 
127,570

Put options (GBP-USD)
 
3
 
2,025

 
5
 
3,375

Put options (EUR-USD)
 
9
 
13,750

 
5
 
6,250

Total
 
53
 
$
213,549

 
62
 
$
257,738