Fair Value of Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2014

Fair Value Disclosures [Abstract]

Estimated fair values of financial instruments

The estimated fair values of the Company’s financial instruments are as follows:

	December 31, 2013				September 30, 2014
	Carrying Value		Fair Value		Carrying Value		Fair Value
Cash and cash equivalents	$	34,702	$	34,702	$	38,803	$	38,803
Fixed-rate debt	25,552		25,552		15,022		15,260
Variable-rate debt	504,122		504,112		490,260		490,260
Derivative instruments - asset position	811		811		378		378
Derivative instruments - liability position	104		104		44		44

Financial instruments reported at fair value on a recurring basis

The following table summarizes the valuation of the Company’s financial instruments that are reported at fair value on a recurring basis by the above ASC 820 pricing levels as of December 31, 2013:

	Total		Quoted market prices in active markets (Level 1)		Significant other observable  inputs (Level 2)		Significant unobservable inputs (Level 3)
Cash and cash equivalents	$	34,702	$	34,702	$	—	$	—
Interest rate contracts - asset position	811				811
Interest rate contracts - liability position	104		—		104		—

The following table summarizes the valuation of the Company’s financial instruments that are reported at fair value on a recurring basis by the above ASC 820 pricing levels as of September 30, 2014:

	Total		Quoted market prices in active markets (Level 1)		Significant other observable  inputs (Level 2)		Significant unobservable inputs (Level 3)
Cash and cash equivalents	$	38,803	$	38,803	$	—	$	—
Interest rate contracts - asset position	378		—		378		—
Interest rate contracts - liability position	44		—		44		—