Quarterly report pursuant to Section 13 or 15(d)

Fair Value Disclosures (Tables)

v3.20.2
Fair Value Disclosures (Tables)
6 Months Ended
Jun. 30, 2020
Fair Value Disclosures [Abstract]  
Schedule of Assets and Liabilities Measured at Fair Value
The fair values of these assets and liabilities at June 30, 2020 and December 31, 2019 were as follows (in thousands):
  June 30, 2020 December 31, 2019
  Fair
Value
Level 1 Level 2 Level 3 Fair
Value
Level 1 Level 2 Level 3
Assets:
SERP $ 1,913    $ —    $ 1,913    $ —    $ 1,792    $ —    $ 1,792    $ —   
Interest rate swaps —    —    —    —    5,549    —    5,549    —   
Liabilities:
Interest rate swaps $ (34,533)   $ —    $ (34,533)   $ —    $ (3,726)   $ —    $ (3,726)   $ —   
Schedule of Carrying Values and Estimated Fair Values of Financial Instruments
As of June 30, 2020 and December 31, 2019, the carrying values and estimated fair values of our financial instruments were as follows (in thousands):
  June 30, 2020 December 31, 2019
Carrying Value Fair Value Carrying Value Fair Value
Cash and cash equivalents $ 7,971    $ 7,971    $ 12,939    $ 12,939   
Restricted cash 630    630    1,812    1,812   
Mortgage notes payable, net —    —    47,074    47,899   
Line of credit 181,000    181,000    56,000    56,000   
Notes payable, net 897,060    919,929    996,722    1,022,937