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Derivative Instruments (Tables)
 3 Months Ended
Mar. 31, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Summary of Non-Designated Foreign Exchange Forwards
The following table summarizes the Company's non-designated foreign exchange (“Fx”) forwards as of March 31, 2017:
Type of Derivative
March 31, 2017
 
Number of Contracts
 
Aggregate Notional Amount
 
Notional Currency
 
Maturity
Fx Contracts - GBP
13
 
161,061
 
GBP
 
June 2017- March 2018

The following table summarizes the Company's non-designated Fx forwards as of December 31, 2016:
Type of Derivative
December 31, 2016
 
Number of Contracts
 
Aggregate Notional Amount
 
Notional Currency
 
Maturity
Fx Contracts - GBP
11
 
148,310
 
GBP
 
January 2017- December 2017
Summary of Amounts Recognized on Consolidated Statements of Operations Related to Company's Derivatives
The following table summarizes the amounts recognized on the condensed consolidated statements of operations related to the Company’s derivative instruments for the three months ended March 31, 2017 and 2016. 
 
 
Three months ended March 31,
 
Location of Loss Recognized in Income
2017
 
2016
Forward currency contract
(Loss) on derivative instruments - unrealized
$
(2,883
)
 
$
(1,310
)
Forward currency contract
Gain (loss) on derivative instruments - realized
(156
)
 
6,083

Interest rate caps (1)
(Loss) on derivative instruments - unrealized
(6
)
 
(70
)
Total
 
$
(3,045
)
 
$
4,703



(1)
With a notional amount of $44,153 and $48,722 at March 31, 2017 and 2016, respectively.
Summary of Gross Derivative Assets Related to Derivatives
The following table summarizes the gross asset amounts related to the Company's derivative instruments at March 31, 2017 and December 31, 2016.

 
March 31, 2017
 
December 31, 2016
 
Gross
Amount of
Recognized
Assets
 
Gross
Amounts
Offset in the Condensed
Consolidated Balance Sheet
 
Net Amounts
of Assets
Presented in Condensed
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
Interest rate caps
$
9

 
$
—

 
$
9

 
$
23

 
$
—

 
$
23

Forward currency contract
4,144

 
(1,144
)
 
3,000

 
5,883

 
—

 
5,883

Total derivative instruments
$
4,153

 
$
(1,144
)
 
$
3,009

 
$
5,906

 
$
—

 
$
5,906