FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)

3 Months Ended

Mar. 31, 2022

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):

	March 31, 2022								December 31, 2021
	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
Deferred compensation liability	$	—	$	2,193	$	—	$	2,193	$	—	$	2,503	$	—	$	2,503
Interest rate swap asset	$	—	$	3,789	$	—	$	3,789	$	—	$	—	$	—	$	—
Interest rate swap liability	$	—	$	—	$	—	$	—	$	—	$	1,807	$	—	$	1,807

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):  

	March 31, 2022				December 31, 2021
	Carrying Value		Fair Value		Carrying Value		Fair Value
Secured notes payable, net	$	110,976	$	111,900	$	110,965	$	113,207
Unsecured term loans, net	$	249,107	$	250,000	$	249,654	$	250,000
Unsecured senior guaranteed notes, net	$	798,055	$	805,048	$	797,953	$	832,795
Senior unsecured notes, net	$	490,890	$	470,150	$	490,631	$	503,000