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FINANCIAL INSTRUMENTS (Tables)
3 Months Ended
Mar. 31, 2019
Fair Value Disclosures [Abstract]  
Summary of the estimated fair value of debt instruments

A summary of the estimated fair value of our debt financial instruments follows.

 

 

 

March 31, 2019

 

 

December 31, 2018

 

 

 

Carrying

value

 

 

Estimated

fair value

(Level 2)

 

 

Carrying

value

 

 

Estimated

fair value

(Level 2)

 

 

 

(In thousands)

 

Summit Holdings 5.5% Senior Notes ($300.0 million

    principal)

 

$

297,805

 

 

$

296,500

 

 

$

297,638

 

 

$

286,625

 

Summit Holdings 5.75% Senior Notes ($500.0 million

    principal)

 

 

494,341

 

 

 

470,417

 

 

 

494,093

 

 

 

455,208