XML 35 R24.htm IDEA: XBRL DOCUMENT v3.5.0.2
Fair Value of Financial Instruments (Tables)
6 Months Ended
Jun. 30, 2016
Fair Value Disclosures [Abstract]  
Fair Value, by Balance Sheet Grouping
The fair values of the Company's remaining financial instruments that are not reported at fair value on the accompanying consolidated balance sheets are reported in the following table:
 
 
 
 
Carrying Amount at
 
Fair Value at
 
Carrying Amount at
 
Fair Value at
(In thousands)
 
Level
 
June 30, 2016
 
June 30, 2016
 
December 31, 2015
 
December 31, 2015
Gross mortgage notes payable and mortgage premiums, net
 
3
 
$
131,196

 
$
134,215

 
$
133,709

 
$
134,707

Credit Facility
 
3
 
$
304,000

 
$
304,000

 
$
304,000

 
$
304,000

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis
The following table presents information about the Company's assets and liabilities measured at fair value on a recurring basis as of June 30, 2016 and December 31, 2015, aggregated by the level in the fair value hierarchy within which those instruments fall:
(In thousands)
 
Quoted Prices
in Active
Markets
Level 1
 
Significant Other
Observable
Inputs
Level 2
 
Significant
Unobservable
Inputs
Level 3
 
Total
June 30, 2016
 
 
 
 
 
 
 
 
Interest rate swap
 
$
—

 
$
(784
)
 
$
—

 
$
(784
)
December 31, 2015
 
 
 
 
 
 
 
 
Interest rate swap
 
$
—

 
$
(415
)
 
$
—

 
$
(415
)