Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurement (Tables)

v3.4.0.3
Fair Value Measurement (Tables)
3 Months Ended
Mar. 31, 2016
Fair Value Disclosures [Abstract]  
Schedule of Fair Value Measurement of Debt Instrument

The carrying values and fair values of debt instruments are as follows (in thousands):

 

 

 

March 31, 2016

 

 

December 31, 2015

 

 

 

Carrying Value

 

 

Fair Value

 

 

Carrying Value

 

 

Fair Value

 

Lines of credit

 

$

268,100

 

 

$

268,100

 

 

$

197,000

 

 

$

197,000

 

Syndicated term loans

 

 

179,687

 

 

 

179,687

 

 

 

169,344

 

 

 

169,344

 

Bank term loan

 

 

46,774

 

 

 

49,330

 

 

 

30,739

 

 

 

32,692

 

Note payable

 

 

33,748

 

 

 

33,536

 

 

 

32,781

 

 

 

32,568

 

Solar asset-backed notes

 

 

104,478

 

 

 

112,568

 

 

 

104,900

 

 

 

110,103

 

Total

 

$

632,787

 

 

$

643,221

 

 

$

534,764

 

 

$

541,707

 

 

Schedule of Fair Value, Financial Instruments Measured on Recurring Basis

At March 31, 2016 and December 31, 2015, financial instruments measured at fair value on a recurring basis, based upon the fair value hierarchy are as follows (in thousands):

 

 

 

March 31, 2016

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Derivative liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest rate swaps

 

$

 

 

$

6,194

 

 

$

 

 

$

6,194

 

Warrants

 

 

 

 

 

 

 

 

20

 

 

 

20

 

Total

 

$

 

 

$

6,194

 

 

$

20

 

 

$

6,214

 

 

 

 

December 31, 2015

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Derivative liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest rate swaps

 

$

 

 

$

921

 

 

$

 

 

$

921

 

Warrants

 

 

 

 

 

 

 

 

557

 

 

 

557

 

Total

 

$

 

 

$

921

 

 

$

557

 

 

$

1,478