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Derivatives, Net (Tables)
 6 Months Ended
Jun. 30, 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 June 30, 2018:
Type of Derivative
June 30, 2018
 
Number of Contracts
 
Aggregate Notional Amount (in thousands)
 
Notional Currency
 
Maturity
Fx Contracts - GBP
40
 
314,226
 
GBP
 
July 2018 - November 2020
Fx Contracts - EUR
1
 
42,247
 
EUR
 
October 2018


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 and six months ended June 30, 2018 and 2017 ($ in thousands):
 
 
 
 
Amount of gain (loss)
recognized in income
 
Amount of gain (loss)
recognized in income
 
 
 
Three months ended June 30,
 
Six months ended June 30,
 
Location of Gain (Loss) Recognized in Income
 
2018
 
2017
 
2018
 
2017
Forward currency contracts
Gain (loss) on derivative instruments - unrealized
 
$
24,800

 
$
(7,438
)
 
$
15,941

 
$
(10,321
)
Forward currency contracts
Gain (loss) on derivative instruments - realized
 
8,742

 
46

 
6,565

 
(110
)
Interest rate caps (1)
Gain (loss) on derivative instruments - unrealized
 
(4
)
 
3

 
—

 
(3
)
Total
 
 
$
33,538

 
$
(7,389
)
 
$
22,506

 
$
(10,434
)

———————
(1)
With a notional amount of $37.5 million and $42.8 million at June 30, 2018, and 2017, respectively.
Summarizes Gross Asset and Liability Amounts Related to Derivatives
The following table summarizes the gross asset and liability amounts related to the Company’s derivatives at June 30, 2018 and December 31, 2017 ($ in thousands).
 
 
June 30, 2018
 
December 31, 2017
 
Gross
Amount of
Recognized
Assets
 
Gross
Amounts
Offset in the Condensed
Consolidated Balance Sheet
 
Net Amounts
of Assets
Presented in
the Condensed Consolidated Balance Sheet
 
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
Interest rate caps
$
1

 
$
—

 
$
1

 
$
—

 
$
1

 
$
1

Forward currency contracts
11,409

 
(1,113
)
 
10,296

 
(5,645
)
 
—

 
(5,645
)
Total derivative instruments
$
11,410

 
$
(1,113
)
 
$
10,297

 
$
(5,645
)

$
1


$
(5,644
)