Quarterly report pursuant to Section 13 or 15(d)

DERIVATIVES

v3.10.0.1
DERIVATIVES
 9 Months Ended
Sep. 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 September 30, 2018 and December 31, 2017, respectively. The interest rate cap is recorded within other current assets as of September 30, 2018 and other assets as of December 31, 2017 on the Consolidated Balance Sheets. The Company had no derivative liabilities as of both September 30, 2018 and December 31, 2017.

The following table summarizes (gains) losses recorded in relation to derivatives:
 
 
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
Income Statement Location
 
2018
 
2017
 
2018
 
2017
Non-hedge derivatives
 
 
 
 
 
 
 
 
 
Unrealized loss (gain) on interest rate derivatives
Realized and unrealized (gain) loss on investments
 
$
48

 
$
32

 
$
(283
)
 
$
317

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

 
1,770

 
—

 
371

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

 
228

 
—

 
4,669