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Fair Value Measurement (Tables)
12 Months Ended
Dec. 31, 2019
Fair Value Disclosures [Abstract]  
Fair Value Measurements, Recurring and Nonrecurring
The following table provides the carrying amounts, estimated fair values and the respective fair value measurements of the Company's financial instruments as of December 31, 2019 and December 31, 2018:
 
 
Carrying
 
Fair
 
Fair Value Measurements
As of December 31, 2019
 
Amount
 
Value
 
Level 1
 
Level 2
 
Level 3
 
 
 
 
 
 
 
 
 
 
 
Long-term debt
 
$
428.2

 
$
428.2

 
$

 
$
428.2

 
$

Derivative liability
 
$
5.0

 
$
5.0

 
$

 
$
5.0

 
$


 
 
Carrying
 
Fair
 
Fair Value Measurements
As of December 31, 2018
 
Amount
 
Value
 
Level 1
 
Level 2
 
Level 3
 
 
 
 
 
 
 
 
 
 
Long-term debt
 
$
506.5

 
$
506.5

 
$

 
$
506.5

 
$

Earn-out contingent liability
 
$
2.6

 
$
2.6

 
$

 
$

 
$
2.6