COPT Defense Properties Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurements (Tables)

Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2011

Schedule of fair value assets and liabilities measured on recurring basis

The table below sets forth our financial assets and liabilities that are accounted for at fair value on a recurring basis as of June 30, 2011 and the hierarchy level of inputs used in measuring their respective fair values under applicable accounting standards (in thousands):

	Quoted Prices in
	Active Markets for		Significant Other		Significant
	Identical Assets		Observable Inputs		Unobservable Inputs
Description	(Level 1)		(Level 2)		(Level 3)	Total
Assets:
Marketable securities in deferred compensation plan (1)
Mutual funds	$	6,380	$		$	$	6,380
Common stocks	1,175					1,175
Preferred stocks	324					324
Cash and cash equivalents	418					418
Other	200					200
Common stock (1)	520					520
Interest rate derivative (2)			80			80
Warrants to purchase common shares in KEYW (2)			327			327
Assets	$	9,017	$	407	$	$	9,424

Liabilities:
Deferred compensation plan liability (3)	$	8,497	$		$	$	8,497
Interest rate derivatives			10,020			10,020
Liabilities	$	8,497	$	10,020	$	$	18,517

(1) Included in the line entitled restricted cash and marketable securities on our consolidated balance sheet.

(2) Included in the line entitled prepaid expenses and other assets on our consolidated balance sheet. We own warrants to purchase common shares in The KEYW Holding Corporation (KEYW), an equity method investee (see Note 6).

(3) Included in the line entitled other liabilities on our consolidated balance sheet.