Quarterly report pursuant to Section 13 or 15(d)

DERIVATIVES (Tables)

v3.5.0.2
DERIVATIVES (Tables)
 9 Months Ended
Sep. 30, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of gains (losses) recorded in relation to derivatives
The following table summarizes gains (losses) recorded in relation to derivatives:
 
 
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
Income Statement Location
 
2016
 
2015
 
2016
 
2015
Cash flow hedges
 
 
 
 
 
 
 
 
 
Loss recognized on termination of derivative instruments
Gain (loss) on settlement of investments, net
 
$
—

 
$
—

 
$
—

 
$
(612
)
Deferred hedge gain reclassified from Accumulated Other Comprehensive Income (“AOCI”) into earnings
Interest expense
 
—

 
20

 
20

 
58

Amount of loss reclassified from AOCI into income (effective portion)
Interest expense
 
—

 
—

 
—

 
(1,363
)
Amount of unrealized loss recognized in Other Comprehensive Income on derivatives (effective portion)
N/A
 
—

 
—

 
—

 
(60
)
 
 
 
 
 
 
 
 
 
 
Non-hedge derivatives
 
 
 
 
 
 
 
 
 
Unrealized gain (loss) on interest rate derivatives
Other income (loss), net
 
$
(15
)
 
$
—

 
$
(34
)
 
$
292

Unrealized gain (loss) recognized related to TBAs
Other income (loss), net
 
270

 
(382
)
 
(1,668
)
 
(381
)
Realized loss on settlement of TBAs
Gain (loss) on settlement of investments, net
 
(3,730
)
 
(10,771
)
 
(13,675
)
 
(12,714
)