Fair Value of Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2013

Carrying Amounts and Fair Values of Financial Instruments Measured based on Level Two Inputs

The carrying amounts and fair values of our financial instruments, all of which are based on Level 2 inputs, as of December 31, 2013 and 2012 were as follows (in thousands):


	December 31,
	2013				2012
	Carrying Value		Fair Value		Carrying Value		Fair Value
Secured debt	$	277,745	$	273,310	$	334,438	$	339,623
Participating note		—		—		643		643
Interest rate swap liabilities		16		16		239		239
Interest rate cap assets		102		102		9		9
Cash surrender value of life insurance		—		—		1,196		1,196
Deferred compensation liability		—		—		1,249		1,249

- Definition

Tabular disclosure of financial instruments measured at fair value, including those classified in shareholders' equity measured on a recurring or nonrecurring basis. Disclosures include, but are not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. Nonrecurring fair value measurements are those that are required or permitted in the statement of financial position in particular circumstances.

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