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Fair Value of Financial Instruments (Tables)
6 Months Ended
Jun. 30, 2018
Derivative Fair Value Of Financial Instruments [Abstract]  
Fair Value Of Financial Instruments

 

 

 

 

 

 

June 30, 2018

 

December 31, 2017

 

 

Book Value

 

Fair Value

 

Book Value

 

Fair Value

 

Cash and cash equivalents

$40,577 

$40,577 

$24,047 

$24,047 

Restricted cash

$402 

$402 

$5,886 

$5,886 

Loans receivable from affiliates

$11,861 

$11,861 

$11,706 

$11,706 

Amounts due from related parties, long-term

$44,009 

$44,009 

$34,891 

$34,891 

Amounts due from related parties, short-term

$11,735 

$11,735 

$10,545 

$10,545 

Term Loan B Facility, net

$(416,920)

$(430,542)

$(425,144)

$(441,471)

Other long-term debt, net

$(77,542)

$(78,205)

$(68,319)

$(69,161)

Notes receivable, net of current portion

$13,760 

$13,760 

$15,897 

$15,897 

Receivable from affiliates

$4,386 

$4,386 

$4,253 

$4,253 

 

Fair Value Measurements On a Nonrecurring Basis

 

 

 

 

 

 

Fair Value Measurements at June 30, 2018

 

Total

 

Level I

 

Level II

 

Level III

 

Cash and cash equivalents

$40,577 

$40,577 

$—   

$—   

Restricted cash

$402 

$402 

$—   

$—   

Loans receivable from affiliates

$11,861 

$—   

$11,861 

$—   

Term Loan B facility, net(1)

$(430,542)

$—   

$(430,542)

$—   

Other long-term debt, net (1)

$(78,205)

$—   

$(78,205)

$—   

Notes receivable, net of current portion(2)

$13,760 

$—   

$13,760 

$—   

Amounts due from related parties, long-term

$44,009 

$—   

$44,009 

$—   

Amounts due from related parties, short-term

$11,735 

$—   

$11,735 

$—   

Receivable from affiliates

$4,386 

$—   

$4,386 

$—   

 

 

 

Fair Value Measurements at December 31, 2017

 

Total

 

Level I

 

Level II

 

Level III

 

Cash and cash equivalents

$24,047 

$24,047 

$—   

$—   

Restricted cash

$5,886 

$5,886 

$—   

$—   

Loans receivable from affiliates

$11,706 

$—   

$11,706 

$—   

Term Loan B facility, net(1)

$(441,471)

$—   

$(441,471)

$—   

Other long-term debt, net(1)

$(69,161)

$—   

$(69,161)

$—   

Notes receivable, net of current portion(2)

$15,897 

$—   

$15,897 

$—   

Amounts due from related parties, long-term

$34,891 

$—   

$34,891 

$—   

Amounts due from related parties, short-term

$10,545 

$—   

$10,545 

$—   

Receivable from affiliates

$4,253 

$—   

$4,253 

$—   

 

 The estimated fair value of our financial instruments that are measured at fair value on a non-recurring basis, categorized based upon the fair value hierarchy, are as follows:

 

 

 

 

 

 

Fair Value Measurements at June 30, 2018

 

Total

 

Level I

 

Level II

 

Level III

 

Vessels held for sale (for YM Unity and YM Utmost)

$67,000 

$—   

$67,000 

$—   

 

 

 

 

 

 

 

Fair Value Measurements at December 31, 2017

 

Total

 

Level I

 

Level II

 

Level III

 

Vessels, net (for Navios Gemini S)

$4,078 

$—   

$4,078 

$—   

(1)The fair value of the Company’s debt is estimated based on currently available debt with similar contract terms, interest rate and remaining maturities as well as taking into account our creditworthiness.

(2)The fair value is estimated based on currently available information on the Company’s counterparty with similar contract terms, interest rate and remaining maturities.