| 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):
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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: |
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Assets: |
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|
|
|
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|
|
|
|
Marketable securities in deferred compensation plan (1) |
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|
|
|
|
|
|
|
|
|
|
|
Mutual funds |
|
$ |
3,035 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
3,035 |
|
Other |
|
25 |
|
|
— |
|
|
— |
|
|
25 |
|
Interest rate derivatives (1) |
|
— |
|
|
23 |
|
|
— |
|
|
23 |
|
Total assets |
|
$ |
3,060 |
|
|
$ |
23 |
|
|
$ |
— |
|
|
$ |
3,083 |
|
Liabilities: |
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|
|
|
|
|
|
|
|
|
|
|
Deferred compensation plan liability (2) |
|
$ |
— |
|
|
$ |
3,060 |
|
|
$ |
— |
|
|
$ |
3,060 |
|
Interest rate derivatives |
|
— |
|
|
25,682 |
|
|
— |
|
|
25,682 |
|
Total liabilities |
|
$ |
— |
|
|
$ |
28,742 |
|
|
$ |
— |
|
|
$ |
28,742 |
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|
|
|
|
|
|
|
|
|
December 31, 2018: |
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|
|
|
|
|
|
|
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 COPT’s consolidated balance sheet.
(2) Included in the line entitled “other liabilities” on COPT’s 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 COPLP’s consolidated balance sheet.
|