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Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2021

Fair Value Disclosures [Abstract]

Effect of Fair Value Measured Assets and Liabilities on Consolidated Statements of Operations

The following table summarizes the effect of fair value measured assets and liabilities on our condensed consolidated statements of operations (in thousands):

			Gain (Loss) Recognized in Income
			Three Months Ended June 30,												Six Months Ended June 30,
			2021						2020						2021						2020
Assets
Derivative assets:
Interest rate derivatives - caps			$	(58)					$	(44)					$	(78)					$	(63)
Credit default swaps			—			(1)			(925)			(1)			—			(1)			175			(1)
Total derivative assets			$	(58)					$	(969)					$	(78)					$	112
Total			$	(58)					$	(969)					$	(78)					$	112
Total combined
Interest rate derivatives - floors			$	—					$	—					$	—					$	75
Interest rate derivatives - caps			(58)						(44)						(78)						(63)
Credit default swaps			—						(925)						—						175
Unrealized gain (loss) on derivatives			(58)						(969)						(78)						187
Realized gain (loss) on interest rate floors			—						—						—						(75)			(2)
Net			$	(58)					$	(969)					$	(78)					$	112

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(1)Excludes costs associated with credit default swaps of $0 and $64 for the three months ended June 30, 2021 and 2020, respectively, as well as $0 and $127 for the six months ended June 30, 2021 and 2020, respectively, which is included in “other income (expense)” in our condensed consolidated statements of operations.

(2)Included in “other income (expense)” in our condensed consolidated statements of operations

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- Definition

Tabular disclosure of the amount of gains or losses for the period included in earnings or resulted in a change to net assets, have arisen from the use of significant unobservable inputs (level 3) to measure the fair value of assets, liabilities, and financial instruments classified in shareholders' equity.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)(1)
-URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258

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X

- References

No definition available.

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