Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2019

Schedule of Assets and Liabilities Measured at Fair Value

The Company’s assets and liabilities measured or disclosed at fair value are as follows:



		Fair Value
	Fair Value Hierarchy	June 30, 2019		December 31, 2018
		(In thousands)
Measured at fair value on a recurring basis:
Cash and cash equivalents	Level 1	$	320,805	$	208,078
Restricted cash	Level 1	6,441		6,019
Interest rate swap liability	Level 2	3,638		—
Cross-currency swap asset	Level 2	1,937		2,283
Disclosed at fair value:
Mortgage notes, senior unsecured notes, term loan and notes payable⁽¹⁾	Level 3	$	1,789,025	$	1,365,812

⁽¹⁾The carrying value of mortgage notes, senior unsecured notes, term loan and notes payable is disclosed in Note 8.

- Definition

Tabular disclosure of financial instruments measured at fair value, including those classified in shareholders' equity measured on a recurring or nonrecurring basis. Disclosures include, but are not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. Nonrecurring fair value measurements are those that are required or permitted in the statement of financial position in particular circumstances.

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