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Summary of Significant Accounting Policies (Tables)
9 Months Ended
Sep. 30, 2019
Accounting Policies [Abstract]  
Summary of Company's Liabilities Measured at Fair Value
The carrying value and estimated fair value of long-term debt as of September 30, 2019 and December 31, 2018 were as follows:
 
 
September 30, 2019
 
December 31, 2018
 
 
Carrying value
 
Estimated fair value(1)
 
Carrying value
 
Estimated fair value(1)
Long-term debt
 
$
1,188,000

 
$
1,230,305

 
$
1,197,000

 
$
1,188,985

(1) The estimated fair value of our long-term debt is estimated primarily based on current bid prices for our long-term debt. Judgment is required to develop these estimates. As such, the fair value of our long-term debt is classified within Level 2, as defined under U.S. GAAP.