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Fair Value Measurements (Tables)
9 Months Ended
Sep. 30, 2018
Fair Value Disclosures [Abstract]  
Assets and Liabilities Measured at Fair Value

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Current derivative asset

 

$

 

 

$

12,728

 

 

$

 

 

$

12,728

 

Long-term derivative asset (1)

 

 

 

 

 

1,454

 

 

 

 

 

 

1,454

 

Total derivative instruments

 

$

 

 

$

14,182

 

 

$

 

 

$

14,182

 

Liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Current derivative liability

 

$

 

 

$

61,926

 

 

$

 

 

$

61,926

 

Long-term derivative liability (2)

 

 

 

 

 

7,847

 

 

 

 

 

 

7,847

 

Total derivative instruments

 

$

 

 

$

69,773

 

 

$

 

 

$

69,773

 

(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

 

 

 

September 30, 2018

 

 

December 31, 2017

 

 

 

Carrying

 

 

Estimated

 

 

Carrying

 

 

Estimated

 

 

 

Amount

 

 

Fair Value

 

 

Amount

 

 

Fair Value

 

Term loan, secured, due April 2024

 

$

975,000

 

 

$

877,500

 

 

$

975,000

 

 

$

975,000

 

6.875% Notes, unsecured, due April 2022, issued 2017

 

 

700,000

 

 

 

336,000

 

 

 

700,000

 

 

 

701,750

 

7.125% Notes, unsecured, due April 2025, issued 2017

 

 

500,000

 

 

 

209,210

 

 

 

500,000

 

 

 

505,000

 

Total debt

 

$

2,175,000

 

 

$

1,422,710

 

 

$

2,175,000

 

 

$

2,181,750