Fair Value of Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2018

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):



	December 31, 2018								December 31, 2017
	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
Deferred compensation liability	$	—	$	1,424	$	—	$	1,424	$	—	$	1,156	$	—	$	1,156
Interest rate swap asset	$	—	$	6,002	$	—	$	6,002	$	—	$	5,091	$	—	$	5,091
Interest rate swap liability	$	—	$	801	$	—	$	801	$	—	$	10	$	—	$	10

Carrying amount and fair value of financial instruments

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



	December 31, 2018				December 31, 2017
	Carrying Value		Fair Value		Carrying Value		Fair Value
Secured notes payable	$	182,572	$	183,253	$	279,550	$	286,156
Unsecured term loan	$	248,765	$	250,000	$	248,839	$	250,000
Unsecured senior guaranteed notes	$	797,098	$	790,267	$	796,631	$	802,699
Unsecured line of credit	$	62,337	$	64,000	$	—	$	—