Quarterly report pursuant to Section 13 or 15(d)

Fair Value Disclosures (Tables)

v3.20.1
Fair Value Disclosures (Tables)
3 Months Ended
Mar. 31, 2020
Fair Value Disclosures [Abstract]  
Schedule of Assets and Liabilities Measured at Fair Value
The fair values of these assets and liabilities at March 31, 2020 and December 31, 2019 were as follows (in thousands):
 
March 31, 2020
 
December 31, 2019
 
Fair
Value
 
Level 1
 
Level 2
 
Level 3
 
Fair
Value
 
Level 1
 
Level 2
 
Level 3
Assets:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
SERP
$
1,561

 
$

 
$
1,561

 
$

 
$
1,792

 
$

 
$
1,792

 
$

Interest rate swaps

 

 

 

 
5,549

 

 
5,549

 

Liabilities:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Interest rate swaps
$
(32,744
)
 
$

 
$
(32,744
)
 
$

 
$
(3,726
)
 
$

 
$
(3,726
)
 
$


Schedule of Carrying Values and Estimated Fair Values of Financial Instruments
As of March 31, 2020 and December 31, 2019, the carrying values and estimated fair values of our financial instruments were as follows (in thousands):
 
March 31, 2020
 
December 31, 2019
 
Carrying Value
 
Fair Value
 
Carrying Value
 
Fair Value
Cash and cash equivalents
$
20,601

 
$
20,601

 
$
12,939

 
$
12,939

Restricted cash
634

 
634

 
1,812

 
1,812

Mortgage notes payable, net

 

 
47,074

 
47,899

Line of credit
148,000

 
148,000

 
56,000

 
56,000

Notes payable, net
997,075

 
995,875

 
996,722

 
1,022,937