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Fair Value Measurement (Tables)
3 Months Ended
Mar. 31, 2017
Fair Value Disclosures [Abstract]  
Schedule of Carrying Values and Fair Values of Debt Instruments

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

 

 

 

March 31, 2017

 

 

December 31, 2016

 

 

 

Carrying Value

 

 

Fair Value

 

 

Carrying Value

 

 

Fair Value

 

Lines of credit

 

$

526,300

 

 

$

526,300

 

 

$

489,200

 

 

$

489,200

 

Syndicated term loans

 

 

189,163

 

 

 

189,165

 

 

 

189,989

 

 

 

189,989

 

Bank term loans

 

 

96,258

 

 

 

95,450

 

 

 

81,307

 

 

 

80,542

 

Note payable

 

 

37,363

 

 

 

36,404

 

 

 

36,232

 

 

 

35,396

 

Solar asset-backed notes

 

 

100,191

 

 

 

104,599

 

 

 

101,295

 

 

 

102,869

 

Total

 

$

949,275

 

 

$

951,918

 

 

$

898,023

 

 

$

897,996

 

 

Schedule of Fair Value, Financial Instruments Measured on Recurring Basis

At March 31, 2017 and December 31, 2016, financial instruments measured at fair value on a recurring basis, based upon the fair value hierarchy are as follows (in thousands):

 

 

 

March 31, 2017

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Derivative assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest rate swaps

 

$

 

 

$

804

 

 

$

 

 

$

804

 

Total

 

$

 

 

$

804

 

 

$

 

 

$

804

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Derivative liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Warrants

 

$

 

 

$

 

 

$

27

 

 

$

27

 

Total

 

$

 

 

$

 

 

$

27

 

 

$

27

 

 

 

 

December 31, 2016

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Derivative assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest rate swaps

 

$

 

 

$

1,632

 

 

$

 

 

$

1,632

 

Total

 

$

 

 

$

1,632

 

 

$

 

 

$

1,632

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Derivative liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Warrants

 

$

 

 

$

 

 

$

20

 

 

$

20

 

Total

 

$

 

 

$

 

 

$

20

 

 

$

20