Indebtedness

9 Months Ended

Sep. 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 $204.5 million at September 30, 2016 compared to the carrying value net of debt issuance costs of $189.6 million.  Fair value is calculated based on Level 2 inputs.