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Fair Value of Financial Instruments (Tables)
3 Months Ended
Mar. 31, 2020
Fair Value Disclosures [Abstract]  
Schedule of Fair Value Measurements at Reporting Date
(in thousands)
 
As of March 31, 2020
 
 
Carrying Value
 
Fair Value
 
 
 
Level 1
 
Level 2
 
Level 3
Wells Fargo Credit Agreement
 
$
16,829

 
$

 
$
16,829

 
$

Unsecured Senior Notes
 
54,881

 

 

 
55,000

(in thousands)
 
As of December 31, 2019
 
 
Carrying Value
 
Fair Value
 
 
 
Level 1
 
Level 2
 
Level 3
Wells Fargo Credit Agreement
 
$
39,527

 
$

 
$
39,527

 
$

Unsecured Senior Notes
 
54,765

 

 

 
54,600

Summary of Change in the Estimated Fair Value of Private Placement Warrants
The following table summarizes changes in the estimated fair value of the Company’s warrant liability:
(in thousands)
 
 
 
For the Three Months Ended March 31, 2019
Balance at beginning of period
 
 
 
$
35,100

Change in value of warrants *
 
 
 
(4,400
)
Balance at end of period
 
 
 
$
30,700

*
The change in value of the warrant liability is presented as Gain from change in fair value of warrants in the Company’s Consolidated Statement of Operations.