FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)

9 Months Ended

Sep. 30, 2018

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):

	September 30, 2018								December 31, 2017
	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
Deferred compensation liability	$	—	$	1,350	$	—	$	1,350	$	—	$	1,156	$	—	$	1,156
Interest rate swap asset	$	—	$	9,384	$	—	$	9,384	$	—	$	5,091	$	—	$	5,091
Interest rate swap liability	$	—	$	—	$	—	$	—	$	—	$	10	$	—	$	10

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, 2018				December 31, 2017
	Carrying Value		Fair Value		Carrying Value		Fair Value
Secured notes payable, net	$	204,818	$	205,792	$	279,550	$	286,156
Unsecured term loans, net	$	248,653	$	250,000	$	248,839	$	250,000
Unsecured senior guaranteed notes, net	$	796,982	$	773,982	$	796,631	$	802,699
Unsecured line of credit, net	$	20,235	$	22,000	$	—	$	—