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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.