FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)

6 Months Ended

Jun. 30, 2016

Fair Value Disclosures [Abstract]

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):

	June 30, 2016								December 31, 2015
	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
Deferred compensation liability	$	—	$	921	$	—	$	921	$	—	$	929	$	—	$	929
Interest rate swaps	$	—	$	15,561	$	—	$	15,561	$	—	$	1,686	$	—	$	1,686

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):

	June 30, 2016				December 31, 2015
	Carrying Value		Fair Value		Carrying Value		Fair Value
Secured notes payable, net	$	467,531	$	489,881	$	579,000	$	592,956
Unsecured term loans, net	$	247,426	$	250,000	$	98,383	$	100,000
Unsecured senior guaranteed notes, net	$	348,349	$	372,526	$	348,230	$	357,779
Unsecured line of credit	$	—	$	—	$	30,000	$	30,000