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Fair Value (Tables)
6 Months Ended
Jun. 30, 2020
Fair Value Disclosures [Abstract]  
Schedule of Carrying Values and Estimated Fair Values of Debt Instruments [Table Text Block]
The fair value of the Company's debt was as follows (in thousands):
June 30, 2020December 31, 2019
Carrying ValueFair ValueCarrying ValueFair Value
Senior Notes$498,122  $461,339  $500,484  $497,835  
Revolver and Term Loans, net1,568,498  1,524,469  1,168,793  1,176,068  
Mortgage loans, net525,054  512,134  526,430  532,249  
Debt, net$2,591,674  $2,497,942  $2,195,707  $2,206,152  
Schedule of fair value hierarchy for financial assets and liabilities measured at fair value on a recurring basis
The following table presents the Company’s fair value hierarchy for those financial assets and liabilities measured at fair value on a recurring basis as of June 30, 2020 (in thousands):
Fair Value at June 30, 2020
Level 1Level 2Level 3Total
Interest rate swap liability$—  $(84,135) $—  $(84,135) 
Total$—  $(84,135) $—  $(84,135) 
 
The following table presents the Company’s fair value hierarchy for those financial assets and liabilities measured at fair value on a recurring basis as of December 31, 2019 (in thousands):
Fair Value at December 31, 2019
Level 1Level 2Level 3Total
Interest rate swap asset$—  $4,297  $—  $4,297  
Interest rate swap liability—  (24,187) —  (24,187) 
Total$—  $(19,890) $—  $(19,890)