Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2019

Fair Value Disclosures [Abstract]

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

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

	December 31,
	2019			2018
Derivative asset	$	12		$	7,307
Derivative liability	(1,768		)	—

Schedule of carrying value and estimated fair value of debt instruments

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

	December 31,
	2019		2018
Carrying amount of fixed rate debt (1)	$	1,329,549	$	690,001
Fair value of fixed rate debt	1,400,000		674,000

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Carrying amounts are shown net of unamortized debt discounts and unamortized deferred financing costs. See Note 13 (“Long-Term Debt”).