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Derivatives (Tables)
 6 Months Ended
Jun. 30, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Summary of Non-Designated Foreign Exchange Forwards
The following table summarizes our non-designated foreign exchange ("Fx") forwards and our interest rate swap as of June 30, 2019:

June 30, 2019
 
Number of Contracts
 
Aggregate Notional Amount (in thousands)
 
Notional Currency
 
Maturity
 
Weighted-Average Years to Maturity
Fx Contracts - GBP
95
 
271,961
 
GBP
 
July 2019- December 2021
 
0.89
Fx Contracts - EUR
15
 
183,689
 
EUR
 
August 2019- February 2023
 
0.87
Interest Rate Swap
1
 
500,000
 
USD
 
May 2026
 
6.87

The following table summarizes our non-designated Fx forwards as of December 31, 2018:
 
December 31, 2018
 
Number of Contracts
 
Aggregate Notional Amount (in thousands)
 
Notional Currency
 
Maturity
 
Weighted-Average Years to Maturity
Fx Contracts - GBP
43
 
270,161
 
GBP
 
January 2019 - November 2020
 
0.69
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 our derivatives for the three and six months ended June 30, 2019 and 2018 ($ 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
 
2019
 
2018
 
2019
 
2018
Forward currency contracts
Gain (loss) on derivative instruments - unrealized
 
$
10,787

 
$
24,800

 
$
(4,198
)
 
$
15,941

Forward currency contracts
Gain on derivative instruments - realized
 
399

 
8,742

 
8,664

 
6,565

Interest rate caps(1)
Loss on derivative instruments - unrealized
 
—

 
(4
)
 
—

 
—

 
Gain on derivative instruments
 
11,186

 
33,538

 
4,466

 
22,506


———————
(1)
With a notional amount of $0.0 million and $37.5 million at June 30, 2019, and 2018, respectively.

 
 
 
Amount of loss
recognized in income
 
Amount of loss
recognized in income
 
 
 
Three months ended June 30,
 
Six months ended June 30,
 
Location of Loss Recognized in Income
 
2019
 
2018
 
2019
 
2018
Interest rate swap(1)
Unrealized loss on interest rate swap
 
(13,113
)
 
—

 
(13,113
)
 
—

———————
(1)
With a notional amount of $500.0 million and $0.0 million at June 30, 2019, and 2018, respectively.
Summarizes Gross Asset and Liability Amounts Related to Derivatives
The following table summarizes the gross asset and liability amounts related to our derivatives at June 30, 2019 and December 31, 2018 ($ in thousands).
 
 
June 30, 2019
 
December 31, 2018

Gross
Amount of
Recognized
Assets (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 Assets
 
Gross
Amounts
Offset in the Condensed
Consolidated Balance Sheet
 
Net Amounts of Assets Presented in the Condensed Consolidated Balance Sheet
Forward currency contracts
$
19,760

 
$
(258
)
 
$
19,502

 
$
23,753

 
$
(53
)
 
$
23,700

Interest rate swap
(13,113
)
 
—

 
(13,113
)
 
—

 
—

 
—