Annual report pursuant to Section 13 and 15(d)

Fair Value Measurement (Tables)

v3.8.0.1
Fair Value Measurement (Tables)
12 Months Ended
Dec. 31, 2017
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):
 
 
December 31, 2017
 
December 31, 2016
 
 
Carrying Value
 
Fair Value
 
Carrying Value
 
Fair Value
Bank line of credit
 
$
247,000

 
$
247,000

 
$
244,000

 
$
244,000

Senior debt
 
808,455

 
807,698

 
442,420

 
441,657

Subordinated debt
 
111,488

 
111,095

 
42,985

 
42,986

Securitization debt
 
95,821

 
96,999

 
101,298

 
102,869

Note Payable
 

 

 
36,232

 
35,396

SREC Loans
 
32,181

 
32,183

 
31,088

 
31,088

Total
 
$
1,294,945

 
$
1,294,975

 
$
898,023

 
$
897,996

Schedule of financial instruments measured at fair value on a recurring basis
At December 31, 2017 and 2016, financial instruments measured at fair value on a recurring basis, based upon the fair value hierarchy are as follows (in thousands):
 
 
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

 
 
December 31, 2016
 
 
Level 1
 
Level 2
 
Level 3
 
Total
Derivative assets:
 
 
 
 
 
 
 
 
Interest rate swaps
 

 
1,632

 

 
$
1,632

Total
 
$

 
$
1,632

 
$

 
$
1,632

 
 
 
 
 
 
 
 
 
Derivative liabilities:
 
 
 
 
 
 
 
 
Warrants
 

 

 
20

 
$
20

Total
 
$

 
$

 
$
20

 
$
20