Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2020

Assets and Liabilities Measured at Fair Value

	Level 1		Level 2		Level 3		Total
Assets:
Current derivative asset	$	—	$	44,261	$	—	$	44,261
Total derivative instruments	$	—	$	44,261	$	—	$	44,261
Liabilities:
Current derivative liability	$	—	$	4,866	$	—	$	4,866
Total derivative instruments	$	—	$	4,866	$	—	$	4,866

Carrying Values and Estimated Fair Values of Financial Instruments

	March 31, 2020				December 31, 2019
	Principal		Estimated		Principal		Estimated
	repayment obligation		Fair Value		repayment obligation		Fair Value
Credit Facility, secured, due January 2022	$	-	$	-	$	64,700	$	64,700
Term Loan, secured, due April 2024		966,319		396,191		968,756		566,723
Second Lien Notes, secured, due July 2024		586,770		44,008		583,853		86,994
6.875% Notes, unsecured, due April 2022, issued 2017		150,439		16,172		150,439		18,805
7.125% Notes, unsecured, due April 2025, issued 2017		225,000		16,598		225,000		15,750
Total debt	$	1,928,528	$	472,969	$	1,992,748	$	752,972

- 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