XML 35 R19.htm IDEA: XBRL DOCUMENT v3.19.1
Fair Value Measurement of Financial Instruments
12 Months Ended
Dec. 31, 2018
Fair Value Measurement of Financial Instruments  
Fair Value Measurement of Financial Instruments

13.    Fair Value Measurement of Financial Instruments

The Company’s assets measured at fair value on a nonrecurring basis include long-lived assets. The Company reviews the carrying amounts of such assets when events indicate that their carrying amounts may not be recoverable. Any resulting asset impairment would require that the asset be recorded at its fair value. The resulting fair value measurements of the assets are considered to be Level 3 inputs. Long-lived assets, primarily comprised of property and equipment, held and used with a carrying amount of zero and $0.2 million were fully impaired during the years ended December 31, 2018 and 2017, respectively.

The carrying value of the Convertible Notes at December 31, 2018 was $36.2 million which approximates their fair value at December 31, 2018. The Company estimates the fair value of the Convertible Notes using commonly accepted valuation methodologies and unobservable inputs based on the low volume of similar market activity (Level 3). The Company carries the Convertible Notes at face value less unamortized debt discount and issuance costs on its condensed consolidated balance sheets. For further information on the Convertible Notes, see “Note 12—Debt".