Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2016

Fair value assets and liabilities measured on recurring basis

The following tables set forth our financial assets and liabilities as of September 30, 2016 and December 31, 2015 that we measured at fair value on a recurring basis by level within the fair value hierarchy. Assets and liabilities measured at fair value are classified in their entirety based on the lowest level of input that is significant to their fair value measurement.



			Fair Value Measurements at September 30, 2016 Using Fair Value Hierarchy
	Fair Value as of September 30, 2016		Quoted Prices In Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Valuation Technique
Assets:
Cash and cash equivalents	$	656,247	$	656,247	$	—	$	—	Market
Restricted cash and cash equivalents	54,000		54,000		—		—		Market
Derivative assets	2,073		—		2,073		—		Market
Total	$	712,320	$	710,247	$	2,073	$	—

Liabilities:
Derivative liabilities	$	—	$	—	$	—	$	—	Income



			Fair Value Measurements at December 31, 2015 Using Fair Value Hierarchy
	Fair Value as of December 31, 2015		Quoted Prices In Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Valuation Technique
Assets:
Cash and cash equivalents	$	155,904	$	155,904	$	—	$	—	Market
Restricted cash and cash equivalents	98,137		98,137		—		—		Market
Derivative assets	—		—		—		—		Market
Total	$	254,041	$	254,041	$	—	$	—

Liabilities:
Derivative liabilities	$	1,283	$	—	$	1,283	$	—	Income

Carrying amounts and fair values of financial instruments

The carrying amounts and fair values of our financial instruments at September 30, 2016 and December 31, 2015 are as follows:



	September 30, 2016				December 31, 2015
	Carrying Amount of Liability		Fair Value of Liability		Carrying Amount of Liability		Fair Value of Liability
Securitizations	$	—	$	—	$	125,366	$	123,696
Credit Facilities	120,000		120,000		225,000		225,000
ECA Financings	315,687		333,224		404,491		422,640
Bank Financings	967,519		985,085		636,970		653,699
Senior Notes	3,200,000		3,417,500		2,700,000		2,832,125