Annual report pursuant to Section 13 and 15(d)

Fair Value Measurements (Tables)

v3.19.3.a.u2
Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 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 December 31, 2019:

 

 

 

Carrying

 

 

Fair Value

 

Description

 

Value

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

Interest rate swap liabilities

 

$

(15,995)

 

 

$

 

 

$

 

 

$

(15,995)

 

Reconciliation of Beginning and Ending Balance for Liabilities Measured at Fair Value on Recurring Basis Unobservable Inputs

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

 

 

13,039

 

Settlements included in interest expense

 

 

(2,137

)

Ending balance - December 31

 

$

15,995