Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurement

v3.22.2.2
Fair Value Measurement
9 Months Ended
Sep. 30, 2022
Fair Value Measurement  
Fair Value Measurement

(12) Fair Value Measurement

(a)

Senior Unsecured Notes

The fair value and carrying value of the Company’s Senior Notes is as follows:

(Unaudited)

December 31, 2021

September 30, 2022

(in thousands)

Fair Value (1)

Carrying Value (2)

Fair Value (1)

Carrying Value (2)

2026 Notes

$

604,450

544,294

551,430

545,128

2027 Notes

672,750

645,970

601,120

646,444

2028 Notes

680,225

643,902

591,500

644,554

2029 Notes

783,750

741,544

657,375

742,243

Total

$

2,741,175

2,575,710

2,401,425

2,578,369

(1) Fair values are based on Level 2 market data inputs.
(2) Carrying values are presented net of unamortized debt issuance costs and debt premiums.

(b)

Other Assets and Liabilities

The carrying values of accounts receivable and accounts payable as of December 31, 2021 and September 30, 2022 approximated fair value because of their short-term nature. The carrying value of the amounts under the Credit Facility as of December 31, 2021 and September 30, 2022 approximated fair value because the variable interest rates are reflective of current market conditions.