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Financial Instruments and Fair Value Disclosures (Tables)
3 Months Ended
Jun. 30, 2016
Financial Instruments and Fair Value Disclosures  
Schedule of financial derivatives

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30, 2016

 

 

March 31, 2016

 

 

 

Other non-current assets

 

Long-term liabilities

 

Other non-current assets

 

Long-term liabilities

 

Derivatives not designated as hedging instruments

    

Derivative instruments

    

Derivative instruments

    

Derivative instruments

    

Derivative instruments

 

Interest rate swap agreements

 

$

 —

 

$

26,017,824

 

$

 —

 

$

21,647,965

 

 

Schedule of effect of derivative instruments on the consolidated statement of operations

 

 

 

 

 

 

 

 

 

 

 

 

    

 

    

Three months ended 

 

Derivatives not designated as hedging instruments

    

Location of gain/(loss) recognized

    

June 30, 2016

    

June 30, 2015

 

Interest Rate Swap—Change in fair value

 

Unrealized gain/(loss) on derivatives

 

$

(4,369,859)

 

$

1,386,886

 

Interest Rate Swap—Realized loss

 

Realized loss on derivatives

 

 

(2,256,788)

 

 

(1,244,491)

 

Gain/(loss) on derivatives, net

 

 

 

$

(6,626,647)

 

$

142,395