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Fair value measurement (Tables)
6 Months Ended
Jun. 30, 2020
Fair Value Disclosures [Abstract]  
Schedule of estimated carrying amount and fair value of financial instruments measured and recorded at fair value on recurring basis
The estimated carrying amount and fair value of the Company’s financial instruments measured and recorded at fair value on a recurring basis are as follows for the dates indicated (in thousands):
 
Fair value measurements at June 30, 2020 using
 
 
Quoted Prices in Active Markets for Identical Assets (Level 1)
Significant Other Observable Inputs
(Level 2)
Significant Unobservable Inputs
(Level 3)
Total Fair Value June 30, 2020
Liabilities:
 
 
 
 
Derivative liability
$

$
663

$

$
663

 
 
 
 
 
 
Fair value measurements at December 31, 2019 using
 
 
Quoted Prices in Active Markets for Identical Assets (Level 1)
Significant Other Observable Inputs (Level 2)
Significant Unobservable Inputs (Level 3)
Total Fair Value December 31, 2019
Assets:
 
 
 
 
Derivative asset
$

$
258

$

$
258


Schedule of carrying and fair value amounts for financial instruments
The estimated carrying amount and fair value of the Company’s financial instruments and liabilities for which fair value is only disclosed is as follows (in thousands):

 
 
Fair value measurements at June 30, 2020 using
 
 
Carrying Amount June 30, 2020
Quoted Prices in Active Markets for Identical Assets (Level 1)
Significant Other Observable Inputs
(Level 2)
Significant Unobservable Inputs
(Level 3)
Total Fair Value June 30, 2020
Liabilities:
 
 
 
 
 
Term Loan
$
1,080,192

$

$
1,049,284

$

$
1,049,284

Tax receivable agreement payable
77,385



49,419

49,419


 
 
Fair value measurements at December 31, 2019 using
 
 
Carrying Amount December 31, 2019
Quoted Prices in Active Markets for Identical Assets (Level 1)
Significant Other Observable Inputs (Level 2)
Significant Unobservable Inputs (Level 3)
Total Fair Value December 31, 2019
Liabilities:
 
 
 
 
 
Term Loan
$
1,098,303

$

$
1,102,295

$

$
1,102,295

Tax receivable agreement payable
77,385



47,625

47,625