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Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2024
Fair Value Disclosures [Abstract]  
Summary of Items Measured at Fair Value

The following tables categorize items measured at fair value as of March 31, 2024 and December 31, 2023:

 

 

 

 

 

Fair Value Measurement at Reporting Date Using

 

March 31, 2024

 

 

 

 

Quoted Prices in
Active Markets
for Identical
Assets (Level 1)

 

 

Significant
Other
Observable
Inputs (Level 2)

 

 

Significant
Unobservable
Inputs
(Level 3)

 

(Dollars in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

Assets

 

 

 

 

 

 

 

 

 

 

 

 

Derivative contracts

 

$

80,268

 

 

$

 

 

$

80,268

 

 

$

 

Total

 

$

80,268

 

 

$

 

 

$

80,268

 

 

$

 

Liabilities

 

 

 

 

 

 

 

.

 

 

 

 

Derivative contracts

 

$

3,723

 

 

$

 

 

$

3,723

 

 

$

 

Total

 

$

3,723

 

 

$

 

 

$

3,723

 

 

$

 

 

 

 

 

 

 

Fair Value Measurement at Reporting Date Using

 

December 31, 2023

 

 

 

 

Quoted Prices in
Active Markets
for Identical Assets (Level 1)

 

 

Significant
Other
Observable
Inputs (Level 2)

 

 

Significant
Unobservable
Inputs
(Level 3)

 

(Dollars in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

Assets

 

 

 

 

 

 

 

 

 

 

 

 

Derivative contracts

 

$

78,769

 

 

$

 

 

$

78,769

 

 

$

 

Total

 

$

78,769

 

 

$

 

 

$

78,769

 

 

$

 

Liabilities

 

 

 

 

 

 

 

.

 

 

 

 

Derivative contracts

 

$

4,836

 

 

$

 

 

$

4,836

 

 

$

 

Total

 

$

4,836

 

 

$

 

 

$

4,836

 

 

$

 

Schedule of Carrying Values and Estimated Fair Values of Debt Instruments The estimated fair value, as well as the carrying value, of the Company’s debt instruments are shown below:

 

 

 

March 31,
2024

 

 

December 31,
2023

 

(Dollars in thousands)

 

 

 

 

 

 

Estimated aggregate fair value

 

$

629,227

 

 

$

627,008

 

Aggregate carrying value (1)

 

 

630,201

 

 

 

637,509

 

Total debt excluding the impact of unamortized debt issuance costs.