Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurements (Tables)

v3.19.3
Fair Value Measurements (Tables)
9 Months Ended
Sep. 30, 2019
Fair Value Disclosures [Abstract]  
Summary of Liabilities Measured at Fair Value on a Recurring Basis

Below is a summary of liabilities measured at fair value on a recurring basis by the Company under FASB ASC Topic 820 as of September 30, 2019:

 

 

Carry

 

 

Fair Value

 

Description

 

Value

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

Interest rate swap liabilities (1)

 

$

(18,988

)

 

$

 

 

$

 

 

$

(18,988

)

 

(1)

See further discussion of interest rate swaps at Note 6.

Below is a summary of liabilities measured at fair value on a recurring basis by the Company under FASB ASC Topic 820 as of December 31, 2018:

 

 

Carry

 

 

Fair Value

 

Description

 

Value

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

Interest rate swap liabilities (1)

 

$

(5,093

)

 

$

 

 

$

 

 

$

(5,093

)

 

(1)

See further discussion of interest rate swaps at Note 6.

Reconciliation of Beginning and Ending Balance for Liabilities Measured at Fair Value

Below is a reconciliation of the beginning and ending balance for liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3):

 

 

Liabilities (1)

 

 

 

2019

 

Beginning balance - January 1

 

$

5,093

 

Total loss included in accumulated other comprehensive loss

 

 

15,036

 

Settlements included in interest expense

 

 

(1,141

)

Ending balance - September 30

 

$

18,988