Indebtedness

6 Months Ended

Jun. 30, 2016

Indebtedness

Indebtedness

7.Indebtedness

Debt is reported at its carrying amount in the consolidated balance sheet.  The fair value of the Company’s outstanding indebtedness is approximately $204.4 million at June 30, 2016 compared to the carrying value net of debt issuance costs of $189.5 million.  Fair value is calculated based on Level 2 inputs.