Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2019

Estimated Fair Values of Financial Instruments

The following tables present estimated fair values of the Company’s financial instruments in accordance with the guidance provided by the Financial Instruments Topic of the FASB Accounting Standards Codification at September 30, 2019 and December 31, 2018 (in thousands):


	Fair Value Measurements at September 30, 2019
	Carrying
	Amount		Level 1		Level 2		Level 3		Total
Financial assets:
Cash and cash equivalents	$	990	$	990	$	—	$	—	$	990


	Fair Value Measurements at December 31, 2018
	Carrying
	Amount		Level 1		Level 2		Level 3		Total
Financial assets:
Cash and cash equivalents	$	1,283	$	1,283	$	—	$	—	$	1,283

Fair Value Measurement of Impaired Assets at Fair Value on Non-recurring Basis

The following table presents the fair value measurements of impaired assets at fair value on a non-recurring basis and the level within the hierarchy in which the fair value measurements fall at September 30, 2019 (in thousands):


			Level 1 Estimated		Level 2 Estimated		Level 3 Estimated
	September 30, 2019		Fair Value		Fair Value		Fair Value
Assets measured at fair value on a non-recurring basis:
Impaired lease and off-lease equipment	$	176	$	-	$	-	$	176

Summary of Valuation Techniques and Significant Unobservable Inputs Used

The following table summarizes the valuation techniques and significant unobservable inputs used for the Company’s non-recurring fair value adjustments categorized as Level 3 in the fair value hierarchy at September 30, 2019.


September 30, 2019
Name	Valuation Frequency	Valuation Technique	Unobservable Inputs	Range of Input Values
Impaired off-Lease Equipment	Non-recurring	Market Approach	Third Party Agents' Pricing	$0 - $8,000
			Quotes – per equipment	(total of $176,000)
			Equipment Condition	Poor to Average

- Definition

Tabular disclosure of financial instruments measured at fair value, including those classified in shareholders' equity measured on a recurring or nonrecurring basis. Disclosures include, but are not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. Nonrecurring fair value measurements are those that are required or permitted in the statement of financial position in particular circumstances.

+ References + Details

ATEL CAPITAL EQUIPMENT FUND IX LLC 10-Q