Fair Value Measurement

9 Months Ended

Sep. 30, 2024

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, 2023				September 30, 2024
(in thousands)	Fair Value (1)		Carrying Value (2)		Fair Value (1)		Carrying Value (2)
2026 Notes	$	565,785		546,631		—		—
2027 Notes		642,655		647,313		647,725		647,883
2028 Notes		641,030		645,702		650,780		646,435
2029 Notes		720,000		743,470		741,975		744,251
2032 Notes		—		—		619,500		593,195
Total	$	2,569,470		2,583,116		2,659,980		2,631,764

(1) Fair values are based on Level 2 market data inputs.

(2) Carrying values are presented net of unamortized debt issuance costs and debt premium.

(b) Other Assets and Liabilities

The carrying values of accounts receivable and accounts payable as of December 31, 2023 and September 30, 2024 approximated fair value because of their short-term nature. The carrying value of the amounts under the Credit Facility as of December 31, 2023 and September 30, 2024 approximated fair value because the variable interest rates are reflective of current market conditions.