Annual report pursuant to Section 13 and 15(d)

Fair Value Measurements (Tables)

v3.19.3.a.u2
Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2019
Fair Value Disclosures [Abstract]  
Schedule of fair value assets and liabilities measured on recurring basis
The tables below set forth financial assets and liabilities of COPT and subsidiaries that are accounted for at fair value on a recurring basis as of December 31, 2019 and 2018 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
December 31, 2019:
 
 
 
 
 
 
 
 
Assets:
 
 

 
 

 
 

 
 

Marketable securities in deferred compensation plan (1)
 
 

 
 

 
 

 
 

Mutual funds
 
$
3,035

 
$

 
$

 
$
3,035

Other
 
25

 

 

 
25

Interest rate derivatives (1)
 

 
23

 

 
23

Total assets
 
$
3,060

 
$
23

 
$

 
$
3,083

Liabilities:
 
 

 
 

 
 

 
 

Deferred compensation plan liability (2)
 
$

 
$
3,060

 
$

 
$
3,060

Interest rate derivatives
 

 
25,682

 

 
25,682

Total liabilities
 
$

 
$
28,742

 
$

 
$
28,742

 
 
 
 
 
 
 
 
 
December 31, 2018:
 
 
 
 
 
 
 
 
Assets:
 
 

 
 

 
 

 
 

Marketable securities in deferred compensation plan (1)
 
 

 
 

 
 

 
 

Mutual funds
 
$
3,819

 
$

 
$

 
$
3,819

Other
 
49

 

 

 
49

Interest rate derivatives (1)
 

 
5,617

 

 
5,617

Total assets
 
$
3,868

 
$
5,617

 
$

 
$
9,485

Liabilities:
 
 

 
 

 
 

 
 

Deferred compensation plan liability (2)
 
$

 
$
3,868

 
$

 
$
3,868

Interest rate derivatives
 

 
5,459

 

 
5,459

Total liabilities
 
$

 
$
9,327

 
$

 
$
9,327


(1) Included in the line entitled “prepaid expenses and other assets, net” on COPTs consolidated balance sheet.
(2) Included in the line entitled “other liabilities” on COPTs consolidated balance sheet.

COPLP and Subsidiaries

The tables below set forth financial assets and liabilities of COPLP and subsidiaries that are accounted for at fair value on a recurring basis as of December 31, 2019 and 2018 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
December 31, 2019:
 
 
 
 
 
 
 
 
Assets:
 
 

 
 

 
 

 
 

Interest rate derivatives (1)
 
$

 
$
23

 
$

 
$
23

Liabilities:
 
 

 
 

 
 

 
 

Interest rate derivatives
 
$

 
$
25,682

 
$

 
$
25,682

 
 
 
 
 
 
 
 
 
December 31, 2018:
 
 
 
 
 
 
 
 
Assets:
 
 

 
 

 
 

 
 

Interest rate derivatives (1)
 
$

 
$
5,617

 
$

 
$
5,617

Liabilities:
 
 

 
 

 
 

 
 

Interest rate derivatives
 
$

 
$
5,459

 
$

 
$
5,459


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