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Fair Value of Assets and Liabilities (Tables) | 3 Months Ended
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Mar. 31, 2017
Fair Value Disclosures [Abstract] |
Schedule of certain of the entity's assets carried at fair value, categorized by the level of inputs used in the valuation of each asset | The table below presents certain of our assets carried at fair value at March 31, 2017, categorized by the level of inputs, as defined in the fair value hierarchy under GAAP, used in the valuation of each asset.
|  |  |  |  | Fair Value at March 31, 2017 Using
|  |  |  | Quoted Prices in |  |  |  |
|  |  |  | Active Markets for |  | Significant Other |  | Significant
|  | Carrying Value at |  | Identical Assets |  | Observable Inputs |  | Unobservable Inputs
Description |  | March 31, 2017 |  | (Level 1) |  | (Level 2) |  | (Level 3)
Recurring Fair Value Measurement Assets: |  |  |  |  |  |
Investment in TA (1) |  | $ | 20,862 |  |  | $ | 20,862 |  |  | $ | — |  |  | $ | — |
Investment in RMR Inc.(2) |  | $ | 123,937 |  |  | $ | 123,937 |  |  | $ | — |  |  | $ | — |
(1) | Our 3,420,000 common shares of TA, which are included in other assets in our condensed consolidated balance sheets, are reported at fair value which is based on quoted market prices (Level 1 inputs). Our historical cost basis for these shares is $17,407 as of March 31, 2017. The unrealized gain of $3,455 for these shares as of March 31, 2017 is included in cumulative other comprehensive income in our condensed consolidated balance sheets.
(2) | Our 2,503,777 shares of class A common stock of RMR Inc., which are included in other assets in our condensed consolidated balance sheets, are reported at fair value which is based on quoted market prices (Level 1 inputs). Our historical cost basis for these shares is $66,374 as of March 31, 2017. The unrealized gain of $57,563 for these shares as of March 31, 2017 is included in cumulative other comprehensive income in our condensed consolidated balance sheets
Schedule of fair value of additional financial instruments | At March 31, 2017 and December 31, 2016, the fair values of these additional financial instruments approximated their carrying values in our condensed consolidated balance sheets due to their short term nature or variable interest rates, except as follows:
|  | March 31, 2017 |  | December 31, 2016
|  | Carrying |  | Fair |  | Carrying |  | Fair
|  | Value (1) |  | Value |  | Value (1) |  | Value
Senior Unsecured Notes, due 2018 at 6.70% |  | $ | 349,529 |  |  | $ | 354,758 |  |  | $ | 349,387 |  |  | $ | 358,740 |
Senior Unsecured Notes, due 2021 at 4.25% |  | 394,418 |  |  | 416,086 |  |  | 394,056 |  |  | 413,790 |
Senior Unsecured Notes, due 2022 at 5.00% |  | 493,490 |  |  | 532,308 |  |  | 493,187 |  |  | 527,945 |
Senior Unsecured Notes, due 2023 at 4.50% |  | 499,004 |  |  | 516,378 |  |  | 298,134 |  |  | 298,845 |
Senior Unsecured Notes, due 2024 at 4.65% |  | 347,180 |  |  | 359,217 |  |  | 347,079 |  |  | 348,523 |
Senior Unsecured Notes, due 2025 at 4.50% |  | 344,540 |  |  | 351,353 |  |  | 344,368 |  |  | 341,439 |
Senior Unsecured Notes, due 2026 at 5.25% |  | 339,979 |  |  | 366,930 |  |  | 339,697 |  |  | 354,772 |
Senior Unsecured Notes, due 2027 at 4.95% |  | 392,617 |  |  | 410,266 |  |  | — |  |  | — |
Convertible Unsecured Senior Notes, due 2027 at 3.8% |  | 47 |  |  | 47 |  |  | 8,478 |  |  | 8,599 |
Total financial liabilities |  | $ | 3,160,804 |  |  | $ | 3,307,343 |  |  | $ | 2,574,386 |  |  | $ | 2,652,653 |
(1) | Carrying value includes unamortized discounts and premiums and certain issuance costs.

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- Definition Tabular disclosure of assets measured at fair value measured on a recurring or nonrecurring basis. Includes, but is not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19190-110258 + Details
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