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Fair Value Disclosures (Tables)
 12 Months Ended
Dec. 31, 2019
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, 2019 and 2018, 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, 2019 and 2018
(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
2019:
 
 
 
 
 
 
 
Cross Currency Swaps*
$
—

 
$
828

 
$
—

 
$
828

Interest Rate Swap Agreements*
$
—

 
$
225

 
$
—

 
$
225

Interest Rate Swap Agreements**
$
—

 
$
(4,495
)
 
$
—

 
$
(4,495
)
2018:
 
 
 
 
 
 
 
Cross Currency Swaps*
$
—

 
$
6,278

 
$
—

 
$
6,278

Interest Rate Swap Agreements*
$
—

 
$
4,344

 
$
—

 
$
4,344

*Included in "Other assets" 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, 2019 and 2018, 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, 2019 and 2018
(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
2019:
 
 
 
 
 
 
 
Real estate investments, net
$
—

 
$
6,160

 
$
—

 
$
6,160

2018:
 
 
 
 
 
 
 
Land held for development
$
—

 
$
—

 
$
9,805

 
$
9,805


As discussed further in Note 4, during the year ended December 31, 2019, the Company recorded an impairment charge of $2.2 million related to real estate investments, net. Management estimated the fair value of this property taking into account various factors including various purchase offers, pending purchase agreements, the shortened holding period and current market conditions. The Company determined, based on the inputs, that its valuation of real estate investments, net were classified within Level 2 of the fair value hierarchy.

As discussed further in Note 4, during the year ended December 31, 2018, the Company recorded impairment charges totaling $16.5 million related to land held for development. Management estimated the fair value of these investments taking into account various factors including the independent appraisals, the shortened hold period and current market conditions. The Company determined, based on the inputs, that its valuation of land held for development and property under development was classified within Level 3 of the fair value hierarchy as many of the assumptions are not observable.