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Derivative Instruments (Tables)
 9 Months Ended
Sep. 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 September 30, 2017:
Type of Derivative
September 30, 2017
 
Number of Contracts
 
Aggregate Notional Amount
 
Notional Currency
 
Maturity
Fx Contracts - GBP
13
 
197,401
 
GBP
 
October 2017- April 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 nine months ended September 30, 2017 and 2016. 
 
 
Three months ended September 30,
 
Nine months ended September 30,
 
Location of Loss Recognized in Income
2017
 
2016
 
2017
 
2016
Forward currency contract
Gain (loss) on derivative instruments - unrealized
$
(7,308
)
 
$
(10,304
)
 
$
(17,629
)
 
$
1,812

Forward currency contract
Gain (loss) on derivative instruments - realized
(179
)
 
15,112

 
(290
)
 
21,100

Interest rate caps (1)
Gain (loss) on derivative instruments - unrealized
6

 
7

 
3

 
(81
)
Sub-total
 
$
(7,481
)
 
$
4,815

 
$
(17,916
)
 
$
22,831

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

 
—

 
(587
)
 
—

Total
 
$
(7,481
)
 
$
4,815

 
$
(18,503
)
 
$
22,831


 ———————
(1) With a notional amount of $41,507 and $46,798 at September 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 September 30, 2017 and December 31, 2016.

 
September 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
$
—

 
$
1

 
$
1

 
$
23

 
$
—

 
$
23

Forward currency contract
(11,747
)
 
—

 
(11,747
)
 
5,883

 
—

 
5,883

Total derivative instruments
$
(11,747
)
 
$
1

 
$
(11,746
)
 
$
5,906

 
$
—

 
$
5,906