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Fair Value (Tables)

3 Months Ended

Mar. 31, 2024

Fair Value Disclosures [Abstract]

Schedule of Carrying Values and Estimated Fair Values of Debt Instruments

The fair value of the Company's debt was as follows (in thousands):

			March 31, 2024												December 31, 2023
			Carrying Value						Fair Value						Carrying Value						Fair Value
Senior Notes, net			$	992,263					$	920,425					$	991,672					$	928,750
Revolver and Term Loans, net			821,914						822,158						821,443						817,960
Mortgage loans, net			407,656						397,217						407,663						394,458
Debt, net			$	2,221,833					$	2,139,800					$	2,220,778					$	2,141,168

Schedule of fair value hierarchy for financial assets and liabilities measured at fair value on a recurring basis

The following table presents the Company’s fair value hierarchy for those financial assets measured at fair value on a recurring basis as of March 31, 2024 (in thousands):

			Fair Value at March 31, 2024
			Level 1						Level 2						Level 3						Total
Interest rate swap asset			$	—					$	26,633					$	—					$	26,633
Total			$	—					$	26,633					$	—					$	26,633

The following table presents the Company’s fair value hierarchy for those financial assets and liabilities measured at fair value on a recurring basis as of December 31, 2023 (in thousands):

			Fair Value at December 31, 2023
			Level 1						Level 2						Level 3						Total
Interest rate swap asset			$	—					$	25,419					$	—					$	25,419
Interest rate swap liability			—						(590)						—						(590)
Total			$	—					$	24,829					$	—					$	24,829

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- References

No definition available.

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- Definition

Tabular disclosure of information pertaining to carrying amount and estimated fair value of short-term and long-term debt instruments or arrangements, including but not limited to, identification of terms, features, and collateral requirements.

+ References

No definition available.

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- Definition

Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482106/820-10-50-2

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482106/820-10-50-2

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