Accumulated Other Comprehensive Loss
The following table sets forth the components of Accumulated Other Comprehensive Loss (in thousands):
| | | | | | | | | | | | Three Months Ended March 31, | | | 2015 | | 2014 | Foreign Currency Translation: | | | | | Beginning balance | | $ | (5,823 | ) | | $ | 8,592 |
| Translation adjustment | | (10,410 | ) | | 1,346 |
| Ending balance | | (16,233 | ) | | 9,938 |
| | | | | | Derivative Instruments: | | | | | Beginning balance | | (377 | ) | | 1,584 |
| Unrealized loss | | (1,299 | ) | | (871 | ) | Reclassification adjustment (1) | | 352 |
| | 360 |
| Ending balance | | (1,324 | ) | | 1,073 |
| Total accumulated other comprehensive (loss) income | | (17,557 | ) | | 11,011 |
| Less: portion included in noncontrolling interest – operating partnership | | 211 |
| | (454 | ) | Total accumulated other comprehensive (loss) income included in shareholders' equity/owners' equity | | $ | (17,346 | ) | | $ | 10,557 |
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| | (1) | Amounts reclassified out of Accumulated Other Comprehensive (Loss) Income/General & Limited Partner's Equity into contractual interest expense. |
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