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FAIR VALUE MEASUREMENTS (Tables)
6 Months Ended
Jun. 30, 2020
Fair Value Disclosures [Abstract]  
Fair Value Consolidated Balance Sheets
The following table provides fair value measurement information for financial assets and liabilities measured at fair value on a recurring basis as of June 30, 2020 and December 31, 2019:
June 30, 2020December 31, 2019
Level 1Level 2Level 3Level 1Level 2Level 3
(In thousands)
Assets:
Investment$12,680  $—  $—  $19,357  $—  $—  
Liabilities:
Derivative instruments$—  $(39,831) $—  $—  $—  $—  
Fair Value, Assets Measured on Recurring and Nonrecurring Basis
The following table provides the fair value of financial instruments that are not recorded at fair value in the consolidated balance sheets:
June 30, 2020December 31, 2019
Carrying ValueFair ValueCarrying ValueFair Value
(In thousands)
Debt:
Revolving credit facility $153,500  $153,500  $96,500  $96,500  
5.375% Senior Notes due 2027(1)
$477,007  $476,462  $490,274  $521,100  
(1) The carrying value includes associated deferred loan costs and any discount.