XML 49 R36.htm IDEA: XBRL DOCUMENT v3.22.0.1
FAIR VALUE MEASUREMENTS (Tables)
12 Months Ended
Dec. 31, 2021
Fair Value Disclosures [Abstract]  
Fair Value of Company's Notes Payable The carrying values and fair values of our borrowing instruments as of December 31, 2021 and 2020 were:
December 31, 2021December 31, 2020
Carrying ValueFair
Value
Carrying ValueFair
Value
(in thousands)
2029 Notes$350,000 $346,281 $— $— 
2031 Notes350,000 341,250 — — 
Revolving credit facilities85,000 85,000 180,000 180,000 
Fair Value of Company's Non-financial Assets
The fair values of these assets were determined based on Level 3 measurements, including estimates of the amount and timing of future cash flows based upon historical experience, expected market conditions, and management’s plans. We recorded impairments as follows:
Year Ended December 31,
202120202019
(in thousands)
Retail store assets impairment (1)
$— $2,412 $— 
Right-of-use assets impairment (1)
— 18,659 — 
Total asset impairments$— $21,071 $— 
(1) During the year ended December 31, 2020, we recognized impairments for a retail location in New York City of $2.4 million to retail store assets and $17.6 million to the right-of-use asset. We also recognized an impairment of $1.1 million to the right-of-use asset for our corporate headquarters in Niwot, Colorado, as a result of our relocation to Broomfield, Colorado.