Quarterly report pursuant to Section 13 or 15(d)

DERIVATIVES

v3.10.0.1
DERIVATIVES
 6 Months Ended
Jun. 30, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
DERIVATIVES
DERIVATIVES

The Company’s derivative instrument is an interest rate cap with a fair value of $0.6 million and $0.3 million as of June 30, 2018 and December 31, 2017, respectively, and is recorded within other assets on the Consolidated Balance Sheets. The Company had no derivative liabilities as of both June 30, 2018 and December 31, 2017.

The following table summarizes (gains) losses recorded in relation to derivatives:
 
 
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
Income Statement Location
 
2018
 
2017
 
2018
 
2017
Non-hedge derivatives
 
 
 
 
 
 
 
 
 
Unrealized (gain) loss on interest rate derivatives
Realized and unrealized (gain) loss on investments
 
$
(89
)
 
$
165

 
$
(331
)
 
$
285

Unrealized (gain) recognized related to TBAs
Realized and unrealized (gain) loss on investments
 
—

 
(3,781
)
 
—

 
(1,399
)
Realized loss on settlement of TBAs
Realized and unrealized (gain) loss on investments
 
—

 
6,915

 
—

 
4,441