FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)

9 Months Ended

Sep. 30, 2015

Financial liabilities measured at fair value on recurring basis

A summary of our financial liabilities that are measured at fair value on a recurring basis, by level within the fair value hierarchy is as follows (in thousands):



	September 30, 2015								December 31, 2014
	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
Deferred compensation liability	$	—	$	883	$	—	$	883	$	—	$	981	$	—	$	981
Interest rate swap	$	—	$	2,842	$	—	$	2,842	$	—	$	1,448	$	—	$	1,448

Carrying amount and fair value of financial instruments

A summary of the carrying amount and fair value of our secured financial instruments, all of which are based on Level 2 inputs, is as follows (in thousands):



	September 30, 2015				December 31, 2014
	Carrying Value		Fair Value		Carrying Value		Fair Value
Secured notes payable	$	579,449	$	609,687	$	812,811	$	850,475
Unsecured term loan	$	100,000	$	100,000	$	100,000	$	100,000
Unsecured senior guaranteed notes	$	350,000	$	361,227	$	150,000	$	154,560
Unsecured line of credit	$	25,000	$	25,000	$	—	$	—