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Derivatives (Tables) | 3 Months Ended
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Mar. 31, 2014
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Schedule of fair value of derivative financial instruments as well as their classification on Consolidated Balance Sheets | The table below presents the fair value of the Company's derivative financial instruments as well as their classification on the Consolidated Balance Sheets as of March 31, 2014 and December 31, 2013 ($ in thousands):
| Derivative Assets as of |  | Derivative Liabilities as of
| March 31, 2014 |  | December 31, 2013 |  | March 31, 2014 |  | December 31, 2013
Derivative | Balance Sheet Location |  | Fair Value |  | Balance Sheet Location |  | Fair Value |  | Balance Sheet Location |  | Fair Value |  | Balance Sheet Location |  | Fair Value
Foreign exchange contracts | Other Assets |  | $ | 1,467 |  |  | Other Assets |  | $ | 1,418 |  |  | Other Liabilities |  | $ | 1,623 |  |  | Other Liabilities |  | $ | 1,653 |
Interest rate swap | Other Assets |  | 488 |  |  | Other Assets |  | 650 |  |  | N/A |  | — |  |  | N/A |  | — |
Interest rate cap | Other Assets |  | 8,144 |  |  | Other Assets |  | 9,107 |  |  | N/A |  | — |  |  | N/A |  | — |
Total |  |  | $ | 10,099 |  |  |  |  | $ | 11,175 |  |  |  |  | $ | 1,623 |  |  |  |  | $ | 1,653 |
Schedule of derivative financial instruments on Consolidated Statements of Operations |
|  |  |  | Amount of Gain or (Loss) Recognized in Income
|  | Location of Gain or (Loss) Recognized in Income |  | For the Three Months Ended March 31,
Derivatives not Designated in Hedging Relationships |  | 2014 |  | 2013
Foreign Exchange Contracts |  | Other Expense |  | $ | 1,498 |  |  | $ | 10,156 |
The tables below present the effect of the Company's derivative financial instruments on the Consolidated Statements of Operations and the Consolidated Statements of Comprehensive Income (Loss) for the three months ended March 31, 2014 and 2013 ($ in thousands):
Derivatives Designated in Hedging Relationships |  | Location of Gain (Loss) Recognized in Income |  | Amount of Gain (Loss) Recognized in Accumulated Other Comprehensive Income (Effective Portion) |  | Amount of Gain (Loss) Reclassified from Accumulated Other Comprehensive Income into Earnings (Effective Portion) |  | Amount of Gain (Loss) Recognized in Earnings (Ineffective Portion)
For the three months ended March 31, 2014 |  |  |  |  |  |  |  |  |  |
Interest rate cap |  | Interest Expense |  | $ | (962 | ) |  | $ | — |  |  | N/A
Interest rate swap |  | Interest Expense |  | $ | (348 | ) |  | $ | 135 |  |  | N/A
Foreign exchange contracts |  | Other Expense |  | $ | (452 | ) |  | $ | — |  |  | N/A
For the three months ended March 31, 2013 |  |  |  |  |  |  |  |  |  |
Interest rate swap |  | Interest Expense |  | $ | 37 |  |  | $ | 74 |  |  | N/A
Schedule of foreign currency derivatives outstanding | As of March 31, 2014, the Company had the following outstanding foreign currency derivatives that were used to hedge its net investments in foreign operations that were not designated ($ in thousands):
Derivative Type |  | Notional Amount |  | Notional (USD Equivalent) |  | Maturity
Sells euro ("EUR")/Buys USD Forward |  | € | 72,200 |  |  | $ | 99,479 |  |  | April 2014
Sells pound sterling ("GBP")/Buys USD Forward |  | £ | 3,800 |  |  | $ | 6,335 |  |  | April 2014
Sells Canadian dollar ("CAD")/Buys USD Forward |  | C$ | 41,500 |  |  | $ | 37,564 |  |  | April 2014
he following table presents the Company's qualifying cash flow hedges outstanding as of March 31, 2014 ($ in thousands).
Derivative Type |  | Notional Amount |  | Variable Rate |  | Fixed Rate |  | Effective Date |  | Maturity
Interest Rate Cap |  | $ | 500,000 |  |  | LIBOR |  | 1.00% |  | July 2014 |  | July 2017
Interest Rate Swap |  | $ | 27,831 |  |  | LIBOR + 2.00% |  | 3.47% |  | October 2012 |  | November 2019
As of March 31, 2014, the Company had the following outstanding foreign currency derivatives that were used to hedge its net investments in foreign operations that were designated ($ in thousands):
Derivative Type |  | Notional Amount |  | Notional (USD Equivalent) |  | Maturity
Sells INR/Buys USD Forward |  | ₨ | 456,000 |  |  | $ | 7,614 |  |  | June 2015

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- Definition Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4A -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=7476318&loc=SL5618551-113959 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -URI http://asc.fasb.org/extlink&oid=7476318&loc=SL5624171-113959 + Details
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- Definition Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -URI http://asc.fasb.org/extlink&oid=7476318&loc=SL5624163-113959 + Details
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