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Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2020
Fair Value Disclosures [Abstract]  
Schedule of Fair Value for Long-term Debt The following table presents the fair value as of March 31, 2020 and December 31, 2019, respectively, for our long-term debt:

 

 

 

Quoted Prices

 

 

Other

 

 

 

 

 

 

 

 

 

 

 

in Active

 

 

Observable

 

 

Unobservable

 

 

 

 

 

 

 

Markets

 

 

Inputs

 

 

Inputs

 

 

 

 

 

 

 

(Level 1)

 

 

(Level 2)

 

 

(Level 3)

 

 

Total

 

Long-Term Debt Fair Value Measurements

 

(in thousands)

 

March 31, 2020

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Term Loan

 

$

-

 

 

$

685,744

 

 

$

-

 

 

$

685,744

 

Industrial Revenue Bond

 

 

-

 

 

 

10,000

 

 

 

-

 

 

 

10,000

 

 

 

$

-

 

 

$

695,744

 

 

$

-

 

 

$

695,744

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2019

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Term Loan

 

$

-

 

 

$

1,210,075

 

 

$

-

 

 

$

1,210,075

 

Industrial Revenue Bond

 

 

-

 

 

 

10,000

 

 

 

-

 

 

 

10,000

 

 

 

$

-

 

 

$

1,220,075

 

 

$

-

 

 

$

1,220,075

 

Financial Instruments Carried at Fair Value

The following table presents the amounts carried at fair value as of March 31, 2020 and December 31, 2019 for our other financial instruments.  

 

 

 

Quoted Prices

 

 

Other

 

 

 

 

 

 

 

 

 

 

 

in Active

 

 

Observable

 

 

Unobservable

 

 

 

 

 

 

 

Markets

 

 

Inputs

 

 

Inputs

 

 

 

 

 

 

 

(Level 1)

 

 

(Level 2)

 

 

(Level 3)

 

 

Total

 

Recurring Fair Value Measurements

 

(in thousands)

 

March 31, 2020

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest rate swap agreements liability

 

$

-

 

 

$

34,636

 

 

$

-

 

 

$

34,636

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2019

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest rate swap agreements liability

 

$

-

 

 

$

21,247

 

 

$

-

 

 

$

21,247