Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2017

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis

The following tables summarize the Company’s assets and liabilities measured at fair value on a recurring basis as of March 31, 2017 and December 31, 2016:



	March 31, 2017
	Level 1		Level 2			Level 3
	(In thousands)
Derivative assets		$—		$1,036			$—
Derivative liabilities		$—		($21,970	)		$—



	December 31, 2016
	Level 1		Level 2			Level 3
	(In thousands)
Derivative assets		$—		$1,237			$—
Derivative liabilities		$—		($45,552	)		$—

Schedule of Carrying Value and Estimated Fair Value of Debt Instruments

The following table presents the carrying amounts of the Company’s senior notes and other long-term debt, net of debt premiums and debt issuance costs, with the fair values measured using Level 1 inputs based on quoted secondary market trading prices.



	March 31, 2017				December 31, 2016
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
	(In thousands)
7.50% Senior Notes due 2020		$593,771		$616,500		$593,447		$624,750
6.25% Senior Notes due 2023	640,850		650,000		640,546		672,750
Other long-term debt due 2028	4,425		4,425		4,425		4,419