Annual report pursuant to Section 13 and 15(d)

Interest Rate Hedge Swaps (Tables)

v3.8.0.1
Interest Rate Hedge Swaps (Tables)
 12 Months Ended
Dec. 31, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of gain (loss) on derivative instruments
The table below presents the effect of the Company's derivative financial instruments on the Consolidated Statements of Income and Comprehensive Income for the years ended December 31, 2017, 2016 and 2015 (note that the ineffective portion is not presented as it was inconsequential for all periods presented):
 
 
For the Years Ended December 31,
Derivatives in Cash Flow Hedging Relationship
 
2017
 
2016
 
2015
Amount of Loss on Derivatives Recognized in AOCI (Effective Portion)
 
$
—

 
$
(300,181
)
 
$
(611,879
)
Amount of Loss on Derivatives Reclassified from AOCI (Effective Portion) Recognized in Net Income(1)
 
—

 
(50,964
)
 
(287,999
)
 
 
 
 
 
 
 
Derivatives Not Designated as Hedging Instruments
 
 
 
 
 
 
Amount of Gain on Derivatives Recognized in Income(2)
 
$
25,842

 
$
73,204

 
$
—

(1) Included in "Interest Expense" on the face of the Consolidated Statements of Income and Comprehensive Income.
(2) The gain (loss) recognized in income on derivatives includes changes in fair value for derivatives subsequent to de-designation from hedge accounting.