Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2016

Fair Value Measurements of Financial Assets and Liabilities on Recurring and Non Recurring Basis

The following table sets forth by level within the fair value hierarchy the Company’s assets and liabilities that were accounted for at fair value:

	Fair value as of September 30, 2016
	Level 1		Level 2			Level 3		Total
Assets	$	—	$	—		$	—	$	—
Liabilities:
Derivative instruments		—		(6,515	)		—		(6,515	)
Total fair value	$	—	$	(6,515	)	$	—	$	(6,515	)

	Fair value as of December 31, 2015
	Level 1		Level 2			Level 3		Total
Assets	$	—	$	—		$	—	$	—
Liabilities:
Derivative instruments		—		(11,155	)		—		(11,155	)
Total fair value	$	—	$	(11,155	)	$	—	$	(11,155	)

- Definition

Tabular disclosure of financial instruments measured at fair value, including those classified in shareholders' equity measured on a recurring or nonrecurring basis. Disclosures include, but are not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. Nonrecurring fair value measurements are those that are required or permitted in the statement of financial position in particular circumstances.

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