Quarterly report pursuant to Section 13 or 15(d)

Derivatives - Summary of Outstanding Swaps (Details)

v3.5.0.2
Derivatives - Summary of Outstanding Swaps (Details)
9 Months Ended
Sep. 30, 2016
USD ($)
1.884% interest rate swaps  
Derivatives  
Notional $ 525,250,000
Fixed Rate Paid 1.884% [1]
Variable interest rate base floor 1.00%
Variable interest rate base 3 mo.USD-LIBOR-BBA
1.384% interest rate swaps  
Derivatives  
Notional $ 139,200,000
Fixed Rate Paid 1.384% [1]
Variable interest rate base floor 1.00%
Variable interest rate base 3 mo.USD-LIBOR-BBA
1.959% interest rate swaps  
Derivatives  
Notional $ 108,825,376.78
Fixed Rate Paid 1.959%
Variable interest rate base floor 1.00%
Variable interest rate base 3 mo.USD-LIBOR-BBA
1.850% interest rate swaps  
Derivatives  
Notional $ 108,825,377
Fixed Rate Paid 1.85%
Variable interest rate base floor 1.00%
Variable interest rate base 3 mo.USD-LIBOR-BBA
3.110% interest rate swaps  
Derivatives  
Notional $ 191,475,002
Fixed Rate Paid 3.11%
Variable interest rate base floor 1.00%
Variable interest rate base 3 mo.USD-LIBOR-BBA
3.110% interest rate swaps  
Derivatives  
Notional $ 250,000,000
Fixed Rate Paid 3.11%
Variable interest rate base floor 1.00%
Variable interest rate base 3 mo.USD-LIBOR-BBA
2.504% interest rate swaps  
Derivatives  
Notional $ 50,000,000
Fixed Rate Paid 2.504%
Variable interest rate base floor 1.00%
Variable interest rate base 3 mo.USD-LIBOR-BBA
[1] On March 25, 2013 and September 30, 2016, the Company negotiated amendments to the terms of these interest rate swap agreements (the "Existing Swap Agreements," as amended, the “Amended Swaps”). The Amended Swaps are held with the same counterparties as the Existing Swap Agreements. Upon entering into the Amended Swaps, MONI simultaneously dedesignated the Existing Swap Agreements and redesignated the Amended Swaps as cash flow hedges for the underlying change in the swap terms. The amounts previously recognized in Accumulated other comprehensive loss relating to the dedesignation are recognized in Interest expense over the remaining life of the Amended Swaps.