Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurements (Tables)

v3.19.2
Fair Value Measurements (Tables)
 6 Months Ended
Jun. 30, 2019
Fair Value Disclosures [Abstract]  
Schedule of fair value assets and liabilities measured on recurring basis
The table below sets forth financial assets and liabilities of COPT and subsidiaries that are accounted for at fair value on a recurring basis as of June 30, 2019 and the hierarchy level of inputs used in measuring their respective fair values under applicable accounting standards (in thousands):
Description
 
Quoted Prices in
Active Markets for
Identical Assets (Level 1)
 
Significant Other
Observable Inputs
(Level 2)
 
Significant
Unobservable 
Inputs
(Level 3)
 
Total
Assets:
 
 

 
 

 
 

 
 

Marketable securities in deferred compensation plan (1)
 
 

 
 

 
 

 
 

Mutual funds
 
$
4,212

 
$
—

 
$
—

 
$
4,212

Other
 
25

 
—

 
—

 
25

Interest rate derivatives (1)
 
—

 
120

 
—

 
120

Total assets
 
$
4,237

 
$
120

 
$
—

 
$
4,357

Liabilities:
 
 

 
 

 
 

 
 

Deferred compensation plan liability (2)
 
$
—

 
$
4,237

 
$
—

 
$
4,237

Interest rate derivatives
 
—

 
23,547

 
—

 
23,547

Total liabilities
 
$
—

 
$
27,784

 
$
—

 
$
27,784


(1) Included in the line entitled “prepaid expenses and other assets, net” on COPT’s consolidated balance sheet.
(2) Included in the line entitled “other liabilities” on COPT’s consolidated balance sheet.
The table below sets forth financial assets and liabilities of COPLP and subsidiaries that are accounted for at fair value on a recurring basis as of June 30, 2019 and the hierarchy level of inputs used in measuring their respective fair values under applicable accounting standards (in thousands):
Description
 
Quoted Prices in
Active Markets for
Identical Assets (Level 1)
 
Significant Other
Observable Inputs(Level 2)
 
Significant
Unobservable 
Inputs
(Level 3)
 
Total
Assets:
 
 

 
 

 
 

 
 

Interest rate derivatives (1)
 
$
—

 
$
120

 
$
—

 
$
120

Liabilities:
 
 

 
 

 
 

 
 

Interest rate derivatives
 
$
—

 
$
23,547

 
$
—

 
$
23,547



(1) Included in the line entitled “prepaid expenses and other assets, net” on COPLP’s consolidated balance sheet.