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Fair Value Measurements (Tables)
9 Months Ended
Sep. 30, 2017
Fair Value Disclosures [Abstract]  
Summary of assets and liabilities measured at fair value on recurring basis
The following table presents our interest rate swaps asset and liability measured at fair value on a recurring basis as of September 30, 2017 and December 31, 2016, with pricing levels as of the date of valuation (in thousands):
 
 
September 30, 2017
 
December 31, 2016
Interest rate swaps asset
$
1,884

 
$
413

Interest rate swaps liability
(1,297
)
 
(3,603
)
Schedule of carrying value and estimated fair value of debt instruments

The following table summarizes the carrying amount and fair value of our fixed rate debt as of September 30, 2017 and December 31, 2016 (in thousands):

 
September 30, 2017
 
December 31, 2016
Carrying amount of fixed rate debt (1)
$
685,947

 
$
683,577

Fair value of fixed rate debt
687,000

 
686,000


(1) 
Carrying amounts are shown net of unamortized debt discounts and unamortized deferred financing costs. See Note 7 (“Long-Term Debt”) for further details.