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Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2018
Fair Value Disclosures [Abstract]  
Fair value assets and liabilities measured on recurring basis The following tables set forth our financial assets and liabilities as of December 31, 2018 and 2017 that we measured at fair value on a recurring basis by level within the fair value hierarchy. Assets and liabilities measured at fair value are classified in their entirety based on the lowest level of input that is significant to their fair value measurement.
 
Fair Value
as of
December 31,
2018
 
Fair Value Measurements at December 31, 2018
Using Fair Value Hierarchy
 
Level 1
 
Level 2
 
Level 3
 
Valuation
Technique
Assets:
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
$
152,719

 
$
152,719

 
$

 
$

 
Market
Restricted cash and cash equivalents
15,134

 
15,134

 

 

 
Market
Derivative assets
4,886

 

 
4,886

 

 
Market
Total
$
172,739

 
$
167,853

 
$
4,886

 
$

 
 
 
Fair Value
as of
December 31,
2017
 
Fair Value Measurements at December 31, 2017
Using Fair Value Hierarchy
 
Level 1
 
Level 2
 
Level 3
 
Valuation
Technique
Assets:
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
$
211,922

 
$
211,922

 
$

 
$

 
Market
Restricted cash and cash equivalents
21,935

 
21,935

 

 

 
Market
Derivative assets
3,254

 

 
3,254

 

 
Market
Total
$
237,111

 
$
233,857

 
$
3,254

 
$

 
 

Carrying amounts and fair values of financial instruments The carrying amounts and fair values of our financial instruments at December 31, 2018 and 2017 are as follows:
 
December 31, 2018
 
December 31, 2017
 
Carrying Amount
of Liability
 
Fair Value
of Liability
 
Carrying Amount
of Liability
 
Fair Value
of Liability
Credit Facilities
$
425,000

 
$
425,000

 
$
175,000

 
$
175,000

Unsecured Term Loan
120,000

 
120,000

 
120,000

 
120,000

ECA Financings
189,080

 
190,216

 
227,491

 
232,030

Bank Financings
619,715

 
623,604

 
635,443

 
634,132

Senior Notes
3,450,000

 
3,446,826

 
3,200,000

 
3,367,245