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FAIR VALUE MEASURMENTS (Tables)

12 Months Ended

Dec. 31, 2018

Fair Value Disclosures [Abstract]

Schedule of carrying value and estimated fair value differences

The estimated fair values of the Company’s financial instruments either recorded or disclosed on a recurring basis as of December 31, 2018 are as follows (in thousands):



Financial Instrument		Carrying Value as of December 31, 2018				Markets for Identical Item (Level 1)				Significant Other Observable Inputs (Level 2)				Significant Unobservable Inputs (Level 3)
First Lien Note Facility⁽¹⁾		$	198,962			$	—			$	—			$	203,462
Second Lien Note Facility ⁽¹⁾		108,931				—				—				121,622
2021 Notes ⁽²⁾		198,125				—				186,500				—
Total debt instruments		$	506,018			$	—			$	186,500			$	325,084

2017 Warrants⁽³⁾		$	25,331			$	—			$	25,331			$	—


(1)	The estimated fair values of the First and Second Lien Notes were based on cash flow models discounted at market interest rates that considered the underlying risks of the note.


(2)	The estimated fair value of the 2021 Notes incorporated recent trading activity in public markets.


(3)	See 2017 Warrants within Note 2 - Summary of Significant Accounting Policies.