Fair Value, Assets Measured on Recurring Basis (Tables)

12 Months Ended

Dec. 31, 2014

Fair Value, Assets Measured on Recurring Basis [Abstract]

Fair Value, Assets Measured on Recurring Basis

Assets and liabilities measured at fair value on a recurring basis are as follows (in thousands):

		Fair Value Measurement
	Balance Sheet Classification	December 31, 2014		December 31, 2013
Level 1
Common stock of other healthcare REITs	Marketable securities	$	15,503	$	12,650
Level 2
Interest rate swap asset	Other assets	$	—	$	975
Interest rate swap liability	Accrued expenses	$	5,193	$	—
Level 3
Contingent consideration	Real estate purchase liabilities	$	3,000	$	2,600

Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation

The following table presents a reconciliation of Level 3 liabilities measured at fair value on a recurring basis for the years ended December 31, 2014 and 2013(in thousands):

	Fair Value Beginning of Period		Transfers Into Level 3		Realized Gains and (Losses)		Purchases, Issuances and Settlements			Fair Value at End of Period		Total Period Losses Included in Earnings Attributable to the Change in Unrealized Losses Relating to Assets Held at End of Year
2014
Contingent consideration	$	2,600	$	—	$	—	$	400		$	3,000	$	—
2013
Contingent consideration	$	4,256	$	—	$	—	$	(1,656	)	$	2,600	$	—

Fair Value Measurements, Nonrecurring

Carrying values and fair values of financial instruments that are not carried at fair value at December 31, 2014 and 2013 in the Consolidated Balance Sheets are as follows (in thousands):

	Carrying Amount				Fair Value Measurement
	2014		2013		2014		2013
Level 2
Variable rate debt	$	624,000	$	537,000	$	624,000	$	537,000
Fixed rate debt	$	238,726	$	80,080	$	254,150	$	79,365
Level 3
Mortgage and other notes receivable	$	63,630	$	60,639	$	72,435	$	67,201