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Fair Value Measurements (Tables) | 9 Months Ended
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Sep. 30, 2021
Fair Value Disclosures [Abstract] |
Schedule of Assets and Liabilities Measured at Fair Value on a Recurring Basis | The following table presents our assets and liabilities measured at fair value on a recurring basis aggregated by the level within which measurements fall in the fair value hierarchy (in thousands):
| Quoted Market Prices (Level 1) |  | Significant Other Observable Inputs (Level 2) |  | Significant Unobservable Inputs (Level 3) |  |  |  | Total |
September 30, 2021 |  |  |  |  |  |  |  |  |  |
Assets |  |  |  |  |  |  |  |  |  |
Derivative assets: |  |  |  |  |  |  |  |  |  |
Interest rate derivatives - caps | $ | — |  |  | $ | 74 |  |  | $ | — |  |  |  |  | $ | 74 |  |
Total | $ | — |  |  | $ | 74 |  |  | $ | — |  |  |  |  | $ | 74 |  | (1)
Liabilities |  |  |  |  |  |  |  |  |  |
Derivative liabilities: |  |  |  |  |  |  |  |  |  |
Warrants | — |  |  | (1,338) |  |  | $ | — |  |  |  |  | (1,338) |  | (2)
Net | $ | — |  |  | $ | (1,264) |  |  | $ | — |  |  |  |  | $ | (1,264) |  |
__________________ (1)Reported as “derivative assets” in our condensed consolidated balance sheet. (2)Reported as “derivative liabilities” in our condensed consolidated balance sheet.
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 September 30, |  | Nine Months Ended September 30, |  |
| 2021 |  | 2020 |  | 2021 |  | 2020 |  |
Assets |  |  |  |  |  |  |  |  |
Derivative assets: |  |  |  |  |  |  |  |  |
Interest rate derivatives - caps | $ | (48) |  |  | $ | (30) |  |  | $ | (126) |  |  | $ | (93) |  |  |
Credit default swaps | — |  |  | 51 |  | (1) | — |  |  | 226 |  | (1) |
Total derivative assets | $ | (48) |  |  | $ | 21 |  |  | $ | (126) |  |  | $ | 133 |  |  |
Total | $ | (48) |  |  | $ | 21 |  |  | $ | (126) |  |  | $ | 133 |  |  |
Liabilities |  |  |  |  |  |  |  |  |
Derivative liabilities: |  |  |  |  |  |  |  |  |
Warrants | 190 |  |  | — |  |  | 190 |  |  | — |  |  |
Net | $ | 142 |  |  | $ | 21 |  |  | $ | 64 |  |  | $ | 133 |  |  |
Total combined |  |  |  |  |  |  |  |  |
Interest rate derivatives - floors | $ | — |  |  | $ | 3,540 |  |  | $ | — |  |  | $ | 3,615 |  |  |
Interest rate derivatives - caps | (48) |  |  | (30) |  |  | (126) |  |  | (93) |  |  |
Credit default swaps | — |  |  | 51 |  |  | — |  |  | 226 |  |  |
Warrants | 190 |  |  | — |  |  | 190 |  |  | — |  |  |
Unrealized gain (loss) on derivatives | 142 |  |  | 3,561 |  |  | 64 |  |  | 3,748 |  |  |
Realized gain (loss) on interest rate floors | — |  |  | (3,540) |  | (2) | — |  |  | (3,615) |  | (2) |
Net | $ | 142 |  |  | $ | 21 |  |  | $ | 64 |  |  | $ | 133 |  |  |
_______________ (1)Excludes costs associated with credit default swaps of $0 and $64 for the three months ended September 30, 2021 and 2020, respectively, as well as $0 and $191 for the nine months ended September 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 + Details
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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 -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258 + Details
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