Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2019

Fair Value Disclosures [Abstract]

Fair Value, by Balance Sheet Grouping

The following tables set forth the Company’s cash and cash equivalents and Corporate Securities’ adjusted cost, gross unrealized gains, gross unrealized losses and fair value by significant investment category recorded as cash and cash equivalents or long-term notes receivables and other assets, net as of June 30, 2019 and December 31, 2018 (in thousands):

	June 30, 2019
	Adjusted Cost		Unrealized Gains		Unrealized Losses		Fair Value		Cash and Cash Equivalents		Long-Term Notes Receivables and Other Assets, net
Cash	$	3,041	$	—	$	—	$	3,041	$	3,041	$	—
Level 1:
Money market funds	92		—		—		92		92		—
Total	$	3,133	$	—	$	—	$	3,133	$	3,133	$	—

	December 31, 2018
	Adjusted Cost		Unrealized Gains		Unrealized Losses			Fair Value		Cash and Cash Equivalents		Long-Term Notes Receivables and Other Assets, net
Cash	$	6,681	$	—	$	—		$	6,681	$	6,681	$	—
Level 1:
Money market funds	6,092		—		—			6,092		6,092		—
Corporate securities	3,485		—		(304		)	3,181		—		3,181
Subtotal	9,577		—		(304		)	9,273		6,092		3,181
Total	$	16,258	$	—	$	(304	)	$	15,954	$	12,773	$	3,181

Schedule of Long-term Debt Instruments

Components of long-term debt including the associated interest rates and related fair values are as follows (in thousands, except interest rates):

	June 30, 2019				December 31, 2018				Stated Interest Rate
Issuance	Face Value		Estimated Fair Value		Face Value		Estimated Fair Value
2020 Notes	$	454,299	$	431,675	$	679,299	$	643,568	8.750	%
2022 Private Placement Notes	270,000		258,876		270,000		257,073		8.875	%
2022 Notes	900,000		862,920		900,000		855,000		7.875	%
2023 Notes	400,000		326,320		400,000		326,000		7.625	%
2024 Notes	225,000		215,033		—		—		8.500	%
Term Loan	803,925		805,950		807,975		807,975		N/A
Total	$	3,053,224	$	2,900,774	$	3,057,274	$	2,889,616

Schedule of Derivative Liabilities at Fair Value

The following table summarizes the fair value and the notional amount of the Company’s outstanding derivative instrument as of June 30, 2019 and December 31, 2018 (in thousands):

	June 30, 2019		December 31, 2018
Consumer Financing Program Contractual Obligations:
Fair value	$	136,254	$	117,620
Notional amount	465,864		368,708
Classified on the condensed consolidated unaudited balance sheets as:
Accrued expenses and other current liabilities	70,468		67,710
Other long-term obligations	65,786		49,910
Total Consumer Financing Program Contractual Obligation	$	136,254	$	117,620

Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation

The following table summarizes the change in the fair value of the Level 3 outstanding derivative liability instrument for the six months ended June 30, 2019 and the twelve months ended December 31, 2018 (in thousands):

	Six months ended June 30, 2019			Twelve months ended December 31, 2018
Balance, beginning of period	$	117,620		$	46,496
Additions	47,115			93,095
Settlements	(29,908		)	(34,587		)
Losses included in earnings	1,427			12,616
Balance, end of period	$	136,254		$	117,620