Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2018

Summary of assets and liabilities measured at fair value on recurring basis

The following table presents our interest rate swaps asset and liability measured at fair value on a recurring basis with pricing levels as of the date of valuation (in thousands):



	March 31, 2018		December 31, 2017
Interest rate swaps asset	$	9,810	$	4,676
Interest rate swaps liability	—		(134		)

Schedule of carrying value and estimated fair value of debt instruments

The following table summarizes the carrying amount and fair value of our fixed rate debt (in thousands):



	March 31, 2018		December 31, 2017
Carrying amount of fixed rate debt ⁽¹⁾	$	687,552	$	686,747
Fair value of fixed rate debt	700,000		702,000

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⁽¹⁾	Carrying amounts are shown net of unamortized debt discounts and unamortized deferred financing costs. See Note 8 (“Long-Term Debt”) for further details.