XML 30 R31.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2019
Fair Value Disclosures [Abstract]  
Schedule of fair value assets measured on a recurring basis
The following sets forth the Company’s financial instruments that are accounted for at fair value on a recurring basis as of December 31, 2019 and 2018 (dollars in thousands):
Fair Value Measurement Using
Total Fair Value
Quoted Price in
Active Markets for
Identical Assets and
Liabilities
(Level 1)
Significant Other
Observable
Inputs
(Level 2)
Significant
Unobservable
Inputs
(Level 3)
Assets
Interest rate caps at:
December 31, 2019$—  $—  $—  $—  
December 31, 2018$26  $—  $26  $—  
Schedule of carrying value and fair value of senior secured loan and debt The following table sets forth the carrying value and the estimated fair value of the Company’s Senior Secured Loan and debt as of December 31, 2019 and 2018 (dollars in thousands):
Fair Value Measurement Using
Total Fair Value
Quoted Price in
Active Markets
for Identical
Assets and
Liabilities
(Level 1)
Significant
Other
Observable
Inputs
(Level 2)
Significant
Unobservable
Inputs
(Level 3)
Carrying Value
Assets
Senior Secured Loan at:
December 31, 2019$15,915  $—  $15,915  $—  $15,858  
December 31, 2018$55,000  $—  $55,000  $—  $54,492  
Liabilities
Debt at:
December 31, 2019$503,028  $—  $503,028  $—  $491,575  
December 31, 2018$455,159  $—  $455,159  $—  $462,097