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Derivative Instruments (Tables)
 6 Months Ended
Jun. 30, 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 June 30, 2017:
Type of Derivative
June 30, 2017
 
Number of Contracts
 
Aggregate Notional Amount
 
Notional Currency
 
Maturity
Fx Contracts - GBP
9
 
156,458
 
GBP
 
July 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 and six months ended June 30, 2017 and 2016. 
 
 
Three months ended June 30,
 
Six months ended June 30,
 
Location of Loss Recognized in Income
2017
 
2016
 
2017
 
2016
Forward currency contract
Gain (loss) on derivative instruments - unrealized
$
(7,438
)
 
$
13,426

 
$
(10,321
)
 
$
12,116

Forward currency contract
Gain (loss) on derivative instruments - realized
46

 
(95
)
 
(110
)
 
5,989

Interest rate caps (1)
Gain (loss) on derivative instruments - unrealized
3

 
(18
)
 
(3
)
 
(90
)
Sub-total
 
$
(7,389
)
 
$
13,313

 
$
(10,434
)
 
$
18,015

 
 
 
 
 
 
 
 
 
Forward currency contract
Income (loss) from unconsolidated joint venture
(587
)
 
—

 
(587
)
 
—

Total
 
$
(7,976
)
 
$
13,313

 
$
(11,021
)
 
$
18,015



(1)
With a notional amount of $42,830 and $48,120 at June 30, 2017 and 2016, respectively.
Summary of Gross Derivative Assets Related to Derivatives
The following table summarizes the gross asset and liability amounts related to the Company's derivative instruments at June 30, 2017 and December 31, 2016.

 
June 30, 2017
 
December 31, 2016
 
Gross
Amount of
Recognized
Liabilities
 
Gross
Amounts
Offset in the Condensed
Consolidated Balance Sheet
 
Net Amounts
of Liabilities
Presented in the Condensed
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
$
—

 
$
3

 
$
3

 
$
23

 
$
—

 
$
23

Forward currency contract
(4,691
)
 
253

 
(4,438
)
 
5,883

 
—

 
5,883

Total derivative instruments
$
(4,691
)
 
$
256

 
$
(4,435
)
 
$
5,906

 
$
—

 
$
5,906