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Fair Value Measurement
9 Months Ended
Sep. 30, 2023
Fair Value Measurement  
Fair Value Measurement

(12) Fair Value Measurement

(a)

Senior Unsecured Notes

The fair value and carrying value of the Company’s Senior Notes is as follows:

(Unaudited)

December 31, 2022

September 30, 2023

(in thousands)

Fair Value (1)

Carrying Value (2)

Fair Value (1)

Carrying Value (2)

2026 Notes

$

556,985

545,416

553,190

546,320

2027 Notes

612,365

646,610

621,010

647,131

2028 Notes

601,575

644,776

613,730

645,467

2029 Notes

685,650

742,480

688,500

743,219

Total

$

2,456,575

2,579,282

2,476,430

2,582,137

(1)Fair values are based on Level 2 market data inputs.
(2)Carrying values are presented net of unamortized debt issuance costs and debt premiums.

(b)

Other Assets and Liabilities

The carrying values of accounts receivable and accounts payable as of December 31, 2022 and September 30, 2023 approximated fair value because of their short-term nature. The carrying value of the amounts under the Credit Facility as of December 31, 2022 and September 30, 2023 approximated fair value because the variable interest rates are reflective of current market conditions.