Fair Value of Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2021

Schedule of Fair Value Valuation of Financial Instruments

The following table summarizes the fair value of our financial instruments at June 30, 2021 and December 31, 2020:

(Thousands)	Total		Quoted Prices in Active Markets (Level 1)		Prices with Other Observable Inputs (Level 2)		Prices with Unobservable Inputs (Level 3)
At June 30, 2021
Liabilities
Senior secured notes - 7.875%, due February 15, 2025	$	2,410,313	$	-	$	2,410,313	$	-
Senior secured notes - 4.75%, due April 15, 2028		569,288		-		569,288		-
Senior unsecured notes - 7.125%, due December 15, 2024		621,000		-		621,000		-
Senior unsecured notes - 6.50%, due February 15, 2029		1,115,550		-		1,115,550		-
Exchangeable senior notes - 4.00%, due June 15, 2024		399,769		-		399,769		-
Senior secured revolving credit facility, variable rate, due December 10, 2024		95,000		-		95,000		-
Settlement payable		378,718		-		378,718		-
Derivative liability, net		16,786		-		16,786		-
Total	$	5,606,424	$	-	$	5,606,424	$	-

(Thousands)	Total		Quoted Prices in Active Markets (Level 1)		Prices with Other Observable Inputs (Level 2)		Prices with Unobservable Inputs (Level 3)
At December 31, 2020
Liabilities
Senior secured notes - 6.00%, due April 15, 2023	$	561,000	$	-	$	561,000	$	-
Senior secured notes - 7.875%, due February 15, 2025		2,410,313		-		2,410,313		-
Senior unsecured notes - 8.25%, due October 15, 2023		1,112,775		-		1,112,775		-
Senior unsecured notes - 7.125%, due December 15, 2024		601,500		-		601,500		-
Exchangeable senior unsecured notes - 4.00%, due June 15, 2024		426,058		-		426,058		-
Senior secured revolving credit facility, variable rate, due April 24, 2022		110,000		-		110,000		-
Settlement payable		418,840		-		418,840		-
Derivative liability, net		22,897		-		22,897		-
Contingent consideration		2,957		-		-		2,957
Total	$	5,666,340	$	-	$	5,663,383	$	2,957

Roll Forward of Liabilities Measured at Fair Value on Recurring Basis Using Unobservable Inputs

The following is a roll forward of our liabilities measured at fair value on a recurring basis using unobservable inputs (Level 3):

(Thousands)		December 31, 2020				Transfers into Level 3				(Gain)/Loss included in earnings				Settlements				June 30, 2021
Contingent consideration		$	2,957			$	-			$	22			$	(2,979	)		$	-

- Definition

Tabular disclosure of financial instruments measured at fair value, including those classified in shareholders' equity measured on a recurring or nonrecurring basis. Disclosures include, but are not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. Nonrecurring fair value measurements are those that are required or permitted in the statement of financial position in particular circumstances.

+ References + Details