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Fair Value of Assets and Liabilities (Tables) | 9 Months Ended
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Sep. 30, 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 September 30, 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 September 30, 2017 Using
|  |  |  | Quoted Prices in |  |  |  |
|  |  |  | Active Markets for |  | Significant Other |  | Significant
|  | Carrying Value at |  | Identical Assets |  | Observable Inputs |  | Unobservable Inputs
Description |  | September 30, 2017 |  | (Level 1) |  | (Level 2) |  | (Level 3)
Recurring Fair Value Measurement Assets: |  |  |  |  |  |
Investment in TA (1) |  | $ | 14,535 |  |  | $ | 14,535 |  |  | $ | — |  |  | $ | — |
Investment in RMR Inc.(2) |  | $ | 128,569 |  |  | $ | 128,569 |  |  | $ | — |  |  | $ | — |
(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 September 30, 2017. The unrealized loss of ($2,872) for these shares as of September 30, 2017 is included in cumulative other comprehensive income in our condensed consolidated balance sheets. We evaluated the decline in the fair value of the TA shares and determined that based on the severity and duration of the decline, and our ability and intent to hold the investment for a reasonable period of time sufficient for a recovery of fair value, we do not consider this investment to be other-than-temporarily impaired at September 30, 2017.
(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 September 30, 2017. The unrealized gain of $62,195 for these shares as of September 30, 2017 is included in cumulative other comprehensive income in our condensed consolidated balance sheets.
Schedule of fair value of additional financial instruments | At September 30, 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:
|  | September 30, 2017 |  | December 31, 2016
|  | Carrying |  | Fair |  | Carrying |  | Fair
|  | Value (1) |  | Value |  | Value (1) |  | Value
Senior Unsecured Notes, due 2018 at 6.70% (2) |  | $ | 349,812 |  |  | $ | 351,253 |  |  | $ | 349,387 |  |  | $ | 358,740 |
Senior Unsecured Notes, due 2021 at 4.25% |  | 395,137 |  |  | 417,246 |  |  | 394,056 |  |  | 413,790 |
Senior Unsecured Notes, due 2022 at 5.00% |  | 494,095 |  |  | 537,360 |  |  | 493,187 |  |  | 527,945 |
Senior Unsecured Notes, due 2023 at 4.50% |  | 499,063 |  |  | 530,825 |  |  | 298,134 |  |  | 298,845 |
Senior Unsecured Notes, due 2024 at 4.65% |  | 347,383 |  |  | 367,026 |  |  | 347,079 |  |  | 348,523 |
Senior Unsecured Notes, due 2025 at 4.50% |  | 344,883 |  |  | 360,227 |  |  | 344,368 |  |  | 341,439 |
Senior Unsecured Notes, due 2026 at 5.25% |  | 340,544 |  |  | 375,799 |  |  | 339,697 |  |  | 354,772 |
Senior Unsecured Notes, due 2027 at 4.95% |  | 392,948 |  |  | 421,316 |  |  | — |  |  | — |
Convertible Unsecured Senior Notes, due 2027 at 3.8% (3) |  | — |  |  | — |  |  | 8,478 |  |  | 8,599 |
Total financial liabilities |  | $ | 3,163,865 |  |  | $ | 3,361,052 |  |  | $ | 2,574,386 |  |  | $ | 2,652,653 |
(1) | Carrying value includes unamortized discounts and premiums and certain issuance costs.
(2) | These senior notes were redeemed at par plus accrued interest in October 2017.
(3) | These convertible senior notes were redeemed at par plus accrued interest in April 2017.

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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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