FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)

9 Months Ended

Sep. 30, 2021

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, 2021								December 31, 2020
	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
Deferred compensation liability	$	—	$	2,350	$	—	$	2,350	$	—	$	2,059	$	—	$	2,059
Interest rate swap liability	$	—	$	2,874	$	—	$	2,874	$	—	$	4,531	$	—	$	4,531

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, 2021				December 31, 2020
	Carrying Value		Fair Value		Carrying Value		Fair Value
Secured notes payable, net	$	110,955	$	113,955	$	110,923	$	114,074
Unsecured term loans, net	$	249,549	$	250,000	$	249,233	$	250,000
Unsecured senior guaranteed notes, net	$	797,850	$	832,820	$	947,444	$	1,017,378
Senior unsecured notes, net	$	490,373	$	514,500	$	—	$	—
Unsecured line of credit, net	$	—	$	—	$	99,151	$	100,000