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Derivatives, Net (Tables)
 3 Months Ended
Mar. 31, 2018
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, 2018:
Type of Derivative
March 31, 2018
 
Number of Contracts
 
Aggregate Notional Amount (in thousands)
 
Notional Currency
 
Maturity
Fx Contracts - GBP
31
 
467,737
 
GBP
 
April 2018 - November 2020


The following table summarizes the Company's non-designated Fx forwards as of December 31, 2017:
Type of Derivative
December 31, 2017
 
Number of Contracts
 
Aggregate Notional Amount (in thousands)
 
Notional Currency
 
Maturity
Fx Contracts - GBP
24
 
177,077
 
GBP
 
January 2018- November 2020
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 derivatives for the three months ended March 31, 2018 and 2017 ($ in thousands):
 
 
 
 
Amount of gain (loss)
recognized in income
 
 
 
Three months ended March 31,
 
Location of (Gain) Loss Recognized in Income
 
2018
 
2017
Forward currency contracts
Loss on derivative instruments - unrealized
 
$
(8,859
)
 
$
(2,883
)
Forward currency contracts
Loss on derivative instruments - realized
 
(2,177
)
 
(156
)
Interest rate caps (1)
Gain (loss) on derivative instruments - unrealized
 
4

 
(6
)
Total
 
 
$
(11,032
)
 
$
(3,045
)

———————
(1)
With a notional amount of $38.9 million and $44.2 million at March 31, 2018, and 2017, respectively.
Summarizes Gross Asset and Liability Amounts Related to Derivatives
The following table summarizes the gross asset and liability amounts related to the Company’s derivatives at March 31, 2018 and December 31, 2017 ($ in thousands).
 
 
March 31, 2018
 
December 31, 2017
 
Gross
Amount of
Recognized
Liabilities
 
Gross
Amounts
Offset in the Condensed
Consolidated Balance Sheet
 
Net Amounts
of Assets (Liabilities)
Presented in
the Condensed Consolidated Balance Sheet
 
Gross
Amount of
Recognized
Liabilities
 
Gross
Amounts
Offset in the
Consolidated Balance Sheet
 
Net Amounts
of Liabilities
Presented in
the Consolidated Balance Sheet
Interest rate caps
$
—

 
$
5

 
$
5

 
$
—

 
$
1

 
$
1

Forward currency contracts
(18,777
)
 
4,273

 
(14,504
)
 
(5,645
)
 
—

 
(5,645
)
Total derivative instruments
$
(18,777
)
 
$
4,278

 
$
(14,499
)
 
$
(5,645
)

$
1


$
(5,644
)