Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2020

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 Hierarchy	Fair Value
		September 30, 2020		December 31, 2019
		(In thousands)
Measured at fair value on a recurring basis:


Interest rate swap asset	Level 2	$	—	$	2,936
Interest rate swap liability	Level 2	17,466		3,507
Cross-currency swap asset	Level 2	2,572		1,404

Foreign exchange forward contract asset	Level 2	—		2,546
Foreign exchange forward contract liability	Level 2	—		2,589






Disclosed at fair value:
Mortgage notes, senior unsecured notes and term loans(1)	Level 3	$	2,000,335	$	1,783,463

(1)The carrying value of mortgage notes, senior unsecured notes and term loans is disclosed in Note 6.

- 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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