Fair Value Measurements and Interest Rate Swaps (Tables)

9 Months Ended

Sep. 30, 2020

Fair Value Disclosures [Abstract]

Fair value of certain financial assets and liabilities and other financial instruments

The fair value of certain financial assets and liabilities and other financial instruments as of September 30, 2020 and December 31, 2019, in thousands, is as follows:

	September 30, 2020				December 31, 2019
	Carrying Amount (1)		Fair Value		Carrying Amount (1)		Fair Value
Debt	$	1,100,143	$	1,102,892	$	1,090,099	$	1,110,353
Interest rate swap liabilities	$	13,874	$	13,874	$	2,545	$	2,545

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(1)The carrying amount of debt is net of unamortized debt issuance costs.

Schedule of Interest Rate Derivatives

The Company's interest rate derivatives, which are not designated or accounted for as cash flow hedges, consisted of the following as of September 30, 2020 and December 31, 2019, in thousands:

									Fair Value of Assets (Liabilities)
Hedged Debt	Type	Rate Fixed		Index	Effective Date	Maturity Date	Notional Amount		September 30, 2020		December 31, 2019
$50 million term loan	Swap	2.41	%	1-Month LIBOR	January 7, 2019	October 18, 2023	$	50,000	$	(3,540)	$	(1,597)
$350 million term loan	Swap	1.70	%	1-Month LIBOR	July 25, 2019	July 25, 2024	$	175,000	(10,334)		(948)
									$	(13,874)	$	(2,545)