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Derivative Instruments
 9 Months Ended
Sep. 30, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Derivative Instruments
Derivative Instruments
The Company uses forward currency contracts to economically hedge interest and principal payments due under its loans denominated in currencies other than U.S. dollars.
The Company has not designated any of its derivative instruments as hedges under GAAP and therefore, changes in the fair value of the Company's derivative instruments are recorded directly in earnings. The following table summarizes the amounts recognized on the consolidated statements of operations related to the Company’s derivatives for the three and nine months ended September 30, 2015 and 2014.
 
 
 
Three months ended September 30,
 
Nine months ended September 30,
 
Location of Loss Recognized in Income
2015
 
2014
 
2015
 
2014
Forward currency contract
Gain (loss) on derivative instruments - unrealized
2,240

 
3,026

 
(3,938
)
 
1,933

Interest rate caps
Loss on derivative instruments - unrealized
(144
)
 
—

 
(206
)
 
—

Total
 
$
2,096

 
$
3,026

 
$
(4,144
)
 
$
1,933



The following table summarizes the gross asset amounts related to the Company's derivative instruments at September 30, 2015 and December 31, 2014.

 
September 30, 2015
 
December 31, 2014
 
Gross
Amount of
Recognized
Assets
 
Gross
Amounts
Offset in the
Consolidated Balance Sheet
 
Net Amounts
of Assets
Presented in
the Consolidated Balance Sheet
 
Gross
Amount of
Recognized
Assets
 
Gross
Amounts
Offset in the
Consolidated Balance Sheet
 
Net Amounts
of Assets
Presented in
the Consolidated Balance Sheet
Forward currency contract
$
306

 
$
(60
)
 
246

 
$
4,070

 
$
—

 
4,070

Total derivative instruments
$
306

 
$
(60
)
 
$
246

 
$
4,070

 
$
—

 
$
4,070