FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)

9 Months Ended

Sep. 30, 2020

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, 2020								December 31, 2019
	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
Deferred compensation liability	$	—	$	1,919	$	—	$	1,919	$	—	$	1,669	$	—	$	1,669
Interest rate swap asset	$	—	$	—	$	—	$	—	$	—	$	434	$	—	$	434
Interest rate swap liability	$	—	$	6,333	$	—	$	6,333	$	—	$	1,317	$	—	$	1,317

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, 2020				December 31, 2019
	Carrying Value		Fair Value		Carrying Value		Fair Value
Secured notes payable, net	$	110,913	$	114,267	$	161,879	$	166,885
Unsecured term loans, net	$	249,234	$	250,000	$	248,864	$	250,000
Unsecured senior guaranteed notes, net	$	947,312	$	1,030,472	$	946,916	$	975,291
Unsecured line of credit, net	$	99,049	$	100,000	$	—	$	—