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Derivatives (Tables)
 6 Months Ended
Jun. 30, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of derivative financial instruments on consolidated balance sheet
The table below presents the fair value of the Company's derivative financial instruments as well as their classification on the consolidated balance sheets ($ in thousands)(1):
 
Derivative Assets as of
 
Derivative Liabilities as of
 
June 30, 2018
 
June 30, 2018
 
Balance Sheet
Location
 
Fair
Value
 
Balance Sheet
Location
 
Fair
Value
Derivatives Designated in Hedging Relationships
 
 
 
 
Interest rate swaps
Other assets
 
$
8,120

 
Other liabilities
 
$
(1,150
)
Total
 
 
$
8,120

 
 
 
$
(1,150
)
_________________________________________________________
(1)
The Company did not directly own any derivative financial instruments as of December 31, 2017. On June 30, 2018, the Company consolidated the Net Lease Venture (refer to Note 7), including all derivative financial instruments of the venture. Over the next 12 months, the Company expects that $0.4 million related to cash flow hedges will be reclassified from "Accumulated other comprehensive income (loss)" as a reduction to interest expense. As of June 30, 2018, the Company would not have been required to post any additional collateral to settle these contracts had the Company been declared in default on its derivative obligations.
Schedule of derivative financial instruments on consolidated statements of operations and comprehensive income
The tables below present the effect of the Company's derivative financial instruments, including the Company's share of derivative financial instruments at certain of its equity method investments, in the consolidated statements of operations and the consolidated statements of comprehensive income (loss) ($ in thousands):
Derivatives Designated in Hedging Relationships
 
Location of Gain (Loss)
Recognized in Income
 
Amount of Gain (Loss) Recognized in Accumulated Other Comprehensive Income
 
Amount of Gain (Loss) Reclassified from Accumulated Other Comprehensive Income into Earnings
For the Three Months Ended June 30, 2018
 
 
 
 
Interest rate swaps
 
Earnings from equity method investments
 
$
1,157

 
$
81

Interest rate swaps
 
Interest expense
 
(1,150
)
 
—

 
 
 
 
 
 
 
For the Three Months Ended June 30, 2017
 
 
 
 
Interest rate swaps
 
Interest Expense
 
(44
)
 
384

Interest rate cap
 
Earnings from equity method investments
 
(9
)
 
(9
)
Interest rate swap
 
Earnings from equity method investments
 
(93
)
 
(62
)
Foreign exchange contracts
 
Earnings from equity method investments
 
(70
)
 
—

 
 
 
 
 
 
 
For the Six Months Ended June 30, 2018
 
 

 
 

Interest rate swaps
 
Earnings from equity method investments
 
3,508

 
90

Interest rate swaps
 
Interest expense
 
(1,150
)
 
—

 
 
 
 
 
 
 
For the Six Months Ended June 30, 2017
 
  

 
  

Interest rate swaps
 
Interest Expense
 
424

 
355

Interest rate cap
 
Earnings from equity method investments
 
(14
)
 
(14
)
Interest rate swap
 
Earnings from equity method investments
 
(15
)
 
(150
)
Foreign exchange contracts
 
Earnings from equity method investments
 
(369
)
 
—


 
 
Location of Gain (Loss) Recognized in Income
 
Amount of Gain (Loss) Recognized in Income
 Derivatives not Designated in Hedging Relationships
 
 
For the Three Months Ended June 30,
 
For the Six Months
Ended June 30,
 
 
2018
 
2017
 
2018
 
2017
Interest rate cap
 
Other Expense
 
$
—

 
$
(41
)
 
$
—

 
$
6

Foreign exchange contracts
 
Other Expense
 
—

 
(645
)
 
—

 
(769
)