Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurement (Tables)

v3.10.0.1
Fair Value Measurement (Tables)
9 Months Ended
Sep. 30, 2018
Fair Value Disclosures [Abstract]  
Schedule of carrying values and fair values of debt instruments
The carrying values and fair values of debt instruments are as follows (in thousands):
 
 
September 30, 2018
 
December 31, 2017
 
 
Carrying Value
 
Fair Value
 
Carrying Value
 
Fair Value
Bank line of credit
 
$
247,000

 
$
247,000

 
$
247,000

 
$
247,000

Senior debt
 
1,067,947

 
1,067,529

 
808,455

 
807,698

Subordinated debt
 
157,943

 
156,257

 
111,488

 
111,095

Securitization debt
 
91,708

 
89,005

 
95,821

 
96,999

SREC Loans
 

 

 
32,181

 
32,181

Total
 
$
1,564,598

 
$
1,559,791

 
$
1,294,945

 
$
1,294,973

Schedule of fair value, financial instruments measured on recurring basis
At September 30, 2018 and December 31, 2017, financial instruments measured at fair value on a recurring basis, based upon the fair value hierarchy are as follows (in thousands):
 
 
September 30, 2018
 
 
Level 1
 
Level 2
 
Level 3
 
Total
Derivative assets:
 
 
 
 
 
 
 
 
Interest rate swaps
 
$

 
$
27,567

 
$

 
$
27,567

Total
 
$

 
$
27,567

 
$

 
$
27,567

Derivative liabilities:
 
 
 
 
 
 
 
 
Interest rate swaps
 
$

 
$
55

 
$

 
$
55

Total
 
$

 
$
55

 
$

 
$
55


 
 
December 31, 2017
 
 
Level 1
 
Level 2
 
Level 3
 
Total
Derivative assets:
 
 
 
 
 
 
 
 
Interest rate swaps
 
$

 
$
1,917

 
$

 
$
1,917

Total
 
$

 
$
1,917

 
$

 
$
1,917

Derivative liabilities:
 
 
 
 
 
 
 
 
Interest rate swaps
 
$

 
$
8,568

 
$

 
$
8,568

Total
 
$

 
$
8,568

 
$

 
$
8,568