XML 21 R9.htm IDEA: XBRL DOCUMENT v3.8.0.1
Fair Value Disclosure
9 Months Ended
Sep. 30, 2017
Fair Value Disclosures [Abstract]  
Fair Value Disclosure Fair Value Disclosure
To determine the fair value of our mortgage, we use a discounted cash flow model. We believe the mortgage fair value valuation to be Level 2 in the fair value hierarchy, as the valuation model has inputs that are observable for substantially the full
term of the liability. As of September 30, 2017, the carrying amount and fair value of our mortgage was $97.8 million and $100.4 million, respectively. The difference between the book value and the fair value is derived from the difference between the period-end market interest rate and the stated rate of our fixed-rate mortgage. The fair value of our debt is not indicative of the amounts at which we could settle our debt.