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Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2019
Fair Value Disclosures [Abstract]  
Assets and Liabilities Measured at Fair Value

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Current derivative asset

 

$

 

 

$

10,985

 

 

$

 

 

$

10,985

 

Long-term derivative asset (1)

 

 

 

 

 

5,715

 

 

 

 

 

 

5,715

 

Total derivative instruments

 

$

 

 

$

16,700

 

 

$

 

 

$

16,700

 

Liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Current derivative liability

 

$

 

 

$

38,483

 

 

$

 

 

$

38,483

 

Long-term derivative liability (2)

 

 

 

 

 

6,756

 

 

 

 

 

 

6,756

 

Total derivative instruments

 

$

 

 

$

45,239

 

 

$

 

 

$

45,239

 

(1)

Included in Other assets in the Condensed Consolidated Balance Sheet.

(2)

Included in Other long-term obligations in the Condensed Consolidated Balance Sheet.

Carrying Values and Estimated Fair Values of Financial Instruments

 

 

 

March 31, 2019

 

 

December 31, 2018

 

 

 

Principal

 

 

Estimated

 

 

Principal

 

 

Estimated

 

 

 

repayment obligation

 

 

Fair Value

 

 

repayment obligation

 

 

Fair Value

 

Credit Facility, secured, due January 2022

 

$

38,000

 

 

$

38,000

 

 

$

104,000

 

 

$

104,000

 

Term Loan, secured, due April 2024

 

 

975,068

 

 

 

840,996

 

 

 

975,000

 

 

 

858,000

 

Second Lien Notes, secured, due July 2024

 

 

575,149

 

 

 

342,616

 

 

 

545,000

 

 

 

395,125

 

6.875% Notes, unsecured, due April 2022

 

 

150,439

 

 

 

50,021

 

 

 

195,035

 

 

 

68,262

 

7.125% Notes, unsecured, due April 2025

 

 

225,000

 

 

 

49,500

 

 

 

225,000

 

 

 

69,750

 

Total debt

 

$

1,963,656

 

 

$

1,321,133

 

 

$

2,044,035

 

 

$

1,495,137