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Fair Value of Financial Instruments (Tables)
3 Months Ended
Mar. 31, 2017
Fair Value Disclosures [Abstract]  
Schedule of estimated fair value of derivatives measured by level of fair value hierarchy
The Company’s financial assets and liabilities measured and reported at fair value on a recurring basis include the following as of:
 
 
March 31, 2017
 
December 31, 2016
 
 
Level 1
 
Level 2
 
Level 3
 
Total
 
Level 1
 
Level 2
 
Level 3
 
Total
Derivative assets
 
$

 
$
8,558

 
$

 
$
8,558

 
$

 
$
5,935

 
$

 
$
5,935

Derivative liabilities
 

 
967

 

 
967

 

 
1,303

 

 
1,303

Schedule of carrying value and fair value of notes payable
The table below represents the carrying value and fair value of the Company’s notes payable as of:
 
March 31, 2017
 
December 31, 2016
 
Carrying Value
 
Fair Value
 
Carrying Value
 
Fair Value
Notes payable(1)
$
2,407,196

 
$
2,381,057

 
$
2,707,839

 
$
2,681,134


_________________
(1)
Amounts represent total notes payable excluding net deferred financing costs.