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Fair Value Disclosures (Tables)
 12 Months Ended
Dec. 31, 2017
Fair Value Disclosures [Abstract]  
Assets Measured At Fair Value On A Recurring Basis
The table below presents the Company’s assets and liabilities measured at fair value on a recurring basis as of December 31, 2017 and 2016, aggregated by the level in the fair value hierarchy within which those measurements are classified and by derivative type.
Assets and Liabilities Measured at Fair Value on a Recurring Basis at December 31, 2017 and 2016
(Dollars in thousands)
Description
Quoted Prices in
Active Markets
for Identical
Assets (Level I)
 
Significant
Other
Observable
Inputs (Level 2)
 
Significant
Unobservable
Inputs (Level 3)
 
Balance at
December 31,
2017:
 
 
 
 
 
 
 
Cross Currency Swaps*
$
—

 
$
1,041

 
$
—

 
$
1,041

Cross Currency Swaps**
$
—

 
$
(134
)
 
$
—

 
$
(134
)
Currency Forward Agreements*
$
—

 
$
22,235

 
$
—

 
$
22,235

Interest Rate Swap Agreements*
$
—

 
$
2,496

 
$
—

 
$
2,496

2016:
 
 
 
 
 
 
 
Cross Currency Swaps*
$
—

 
$
4,158

 
$
—

 
$
4,158

Currency Forward Agreements*
$
—

 
$
31,782

 
$
—

 
$
31,782

Interest Rate Swap Agreements**
$
—

 
$
(2,482
)
 
$
—

 
$
(2,482
)
*Included in "Other assets" in the accompanying consolidated balance sheet.
**Included in "Accounts payable and accrued liabilities" in the accompanying consolidated balance sheet.
Assets And Liabilities Measured At Fair Value On A Non-Recurring Basis
Non-recurring fair value measurements
The table below presents the Company's assets measured at fair value on a non-recurring basis during the year ended December 31, 2017 aggregated by the level in the fair value hierarchy within which those measurements fall.

Assets Measured at Fair Value on a Non-Recurring Basis During the Year Ended December 31, 2017
(Dollars in thousands)
Description
Quoted Prices in
Active Markets
for Identical
Assets (Level I)
 
Significant
Other
Observable
Inputs (Level 2)
 
Significant
Unobservable
Inputs (Level 3)
 
Balance at
end of period
 
 
 
 
 
 
 
 
Investment in a direct financing lease, net
$
—

 
$
—

 
$
35,807

 
$
35,807


As discussed further in Note 6, during the year ended December 31, 2017, the Company recorded impairment charges totaling $10.2 million related to its investment in a direct financing lease, net. Management estimated the fair values of this investment taking into account various factors including independent appraisals, input from an outside broker and current market conditions. The Company determined, based on the inputs, that its valuation of the investment was classified within Level 3 of the fair value hierarchy as many of the assumptions are not observable. During 2017, the Company entered into revised lease terms on these properties and as a result, these properties were classified as operating leases and moved to rental properties.

There were no non-recurring measurements during the year ended December 31, 2016.