FAIR VALUE MEASUREMENTS (Tables)

9 Months Ended

Sep. 30, 2020

Fair Value Disclosures [Abstract]

Fair Value Consolidated Balance Sheets

The following table provides (i) fair value measurement information for financial assets and liabilities measured at fair value on a recurring basis, (ii) the gross amounts of recognized derivative assets and liabilities, (iii) the amounts offset under master netting arrangements with counterparties, and (iv) the resulting net amounts presented in the Partnership’s condensed consolidated balance sheets as of September 30, 2020 and December 31, 2019. The net amounts are classified as current or noncurrent based on their anticipated settlement dates.

	As of September 30, 2020
	Level 1		Level 2		Level 3		Total Gross Fair Value		Gross Amounts Offset in Balance Sheet		Net Fair Value Presented in Balance Sheet
	(In thousands)
Assets:
Current:
Derivative instruments	$	—	$	3,856	$	—	$	3,856	$	3,856	$	—
Non-current:
Investment	$	5,434	$	—	$	—	$	5,434	$	—	$	5,434
Derivative instruments	$	—	$	2,347	$	—	$	2,347	$	2,347	$	—
Liabilities:
Current:
Derivative instruments	$	—	$	27,119	$	—	$	27,119	$	3,856	$	23,263
Non-current:
Derivative instruments	$	—	$	7,834	$	—	$	7,834	$	2,347	$	5,487

	As of December 31, 2019
	Level 1		Level 2		Level 3		Total Gross Fair Value		Gross Amounts Offset in Balance Sheet		Net Fair Value Presented in Balance Sheet
	(In thousands)
Assets:
Non-current:
Investment	$	19,357	$	—	$	—	$	19,357	$	—	$	19,357

Offsetting Assets

The following table provides (i) fair value measurement information for financial assets and liabilities measured at fair value on a recurring basis, (ii) the gross amounts of recognized derivative assets and liabilities, (iii) the amounts offset under master netting arrangements with counterparties, and (iv) the resulting net amounts presented in the Partnership’s condensed consolidated balance sheets as of September 30, 2020 and December 31, 2019. The net amounts are classified as current or noncurrent based on their anticipated settlement dates.

	As of September 30, 2020
	Level 1		Level 2		Level 3		Total Gross Fair Value		Gross Amounts Offset in Balance Sheet		Net Fair Value Presented in Balance Sheet
	(In thousands)
Assets:
Current:
Derivative instruments	$	—	$	3,856	$	—	$	3,856	$	3,856	$	—
Non-current:
Investment	$	5,434	$	—	$	—	$	5,434	$	—	$	5,434
Derivative instruments	$	—	$	2,347	$	—	$	2,347	$	2,347	$	—
Liabilities:
Current:
Derivative instruments	$	—	$	27,119	$	—	$	27,119	$	3,856	$	23,263
Non-current:
Derivative instruments	$	—	$	7,834	$	—	$	7,834	$	2,347	$	5,487

	As of December 31, 2019
	Level 1		Level 2		Level 3		Total Gross Fair Value		Gross Amounts Offset in Balance Sheet		Net Fair Value Presented in Balance Sheet
	(In thousands)
Assets:
Non-current:
Investment	$	19,357	$	—	$	—	$	19,357	$	—	$	19,357

Offsetting Liabilities

The following table provides (i) fair value measurement information for financial assets and liabilities measured at fair value on a recurring basis, (ii) the gross amounts of recognized derivative assets and liabilities, (iii) the amounts offset under master netting arrangements with counterparties, and (iv) the resulting net amounts presented in the Partnership’s condensed consolidated balance sheets as of September 30, 2020 and December 31, 2019. The net amounts are classified as current or noncurrent based on their anticipated settlement dates.

	As of September 30, 2020
	Level 1		Level 2		Level 3		Total Gross Fair Value		Gross Amounts Offset in Balance Sheet		Net Fair Value Presented in Balance Sheet
	(In thousands)
Assets:
Current:
Derivative instruments	$	—	$	3,856	$	—	$	3,856	$	3,856	$	—
Non-current:
Investment	$	5,434	$	—	$	—	$	5,434	$	—	$	5,434
Derivative instruments	$	—	$	2,347	$	—	$	2,347	$	2,347	$	—
Liabilities:
Current:
Derivative instruments	$	—	$	27,119	$	—	$	27,119	$	3,856	$	23,263
Non-current:
Derivative instruments	$	—	$	7,834	$	—	$	7,834	$	2,347	$	5,487

	As of December 31, 2019
	Level 1		Level 2		Level 3		Total Gross Fair Value		Gross Amounts Offset in Balance Sheet		Net Fair Value Presented in Balance Sheet
	(In thousands)
Assets:
Non-current:
Investment	$	19,357	$	—	$	—	$	19,357	$	—	$	19,357

Fair Value Measurements, Nonrecurring

The following table provides the fair value of financial instruments that are not recorded at fair value in the consolidated balance sheets:

	September 30, 2020				December 31, 2019
	Carrying Value		Fair Value		Carrying Value		Fair Value
	(In thousands)
Debt:
Revolving credit facility	$	126,500	$	126,500	$	96,500	$	96,500
5.375% Senior Notes due 2027(1)	$	471,380	$	476,636	$	490,274	$	521,100

(1) The carrying value includes associated deferred loan costs and any discount.