XML 76 R29.htm IDEA: XBRL DOCUMENT v3.20.1
Long-Term Debt (Tables)
 3 Months Ended
Mar. 31, 2020
Debt Disclosure [Abstract]  
Components of Long-term debt
Long-term debt consisted of the following:
(in thousands)
 
As of 
March 31, 
2020
 
As of 
December 31, 
2019
 
 
 
 
 
Revolving credit facility
 
$
175,000

 
$
—

Senior unsecured notes, due in 2025
 
400,000

 
400,000

Senior unsecured notes, due in 2027
 
500,000

 
500,000

Term loan, due in 2024
 
292,500

 
293,250

Term loan, due in 2026
 
757,369

 
759,272

    Total outstanding principal
 
2,124,869

 
1,952,522

Less: Debt issuance costs and issuance discounts
 
(36,025
)
 
(37,492
)
Less: Current portion
 
(10,612
)
 
(10,612
)
   Net carrying value of long-term debt
 
$
2,078,232

 
$
1,904,418

Fair value of long-term debt *
 
$
1,979,412

 
$
1,991,164

* Fair values of the 2025 and 2027 Senior Notes are estimated based on quoted private market transactions and are classified as Level 1 in the fair value hierarchy. The fair values of the term loans are based on observable estimates provided by third party financial professionals, and as such, are classified within Level 2 of the fair value hierarchy.