XML 39 R25.htm IDEA: XBRL DOCUMENT v3.5.0.2
Fair Value Measurement (Tables)
6 Months Ended
Jun. 30, 2016
Fair Value Disclosures [Abstract]  
Schedule of Fair Value Measurement of Debt Instrument

The carrying values and fair values of debt instruments are as follows (in thousands):

 

 

 

June 30, 2016

 

 

December 31, 2015

 

 

 

Carrying Value

 

 

Fair Value

 

 

Carrying Value

 

 

Fair Value

 

Lines of credit

 

$

374,300

 

 

$

374,300

 

 

$

197,000

 

 

$

197,000

 

Syndicated term loans

 

 

189,730

 

 

 

189,730

 

 

 

169,344

 

 

 

169,344

 

Bank term loan

 

 

51,932

 

 

 

52,079

 

 

 

30,739

 

 

 

32,692

 

Note payable

 

 

34,819

 

 

 

34,682

 

 

 

32,781

 

 

 

32,568

 

Solar asset-backed notes

 

 

103,905

 

 

 

113,730

 

 

 

104,900

 

 

 

110,103

 

Total

 

$

754,686

 

 

$

764,521

 

 

$

534,764

 

 

$

541,707

 

 

Schedule of Fair Value, Financial Instruments Measured on Recurring Basis

At June 30, 2016 and December 31, 2015, financial instruments measured at fair value on a recurring basis, based upon the fair value hierarchy are as follows (in thousands):

 

 

 

June 30, 2016

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Derivative liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest rate swaps

 

$

 

 

$

9,070

 

 

$

 

 

$

9,070

 

Warrants

 

 

 

 

 

 

 

 

15

 

 

 

15

 

Total

 

$

 

 

$

9,070

 

 

$

15

 

 

$

9,085

 

 

 

 

December 31, 2015

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Derivative liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest rate swaps

 

$

 

 

$

921

 

 

$

 

 

$

921

 

Warrants

 

 

 

 

 

 

 

 

557

 

 

 

557

 

Total

 

$

 

 

$

921

 

 

$

557

 

 

$

1,478