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Fair Value Measurements (Tables) | 6 Months Ended
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Jun. 30, 2019
Fair Value Disclosures [Abstract] |
Schedule of Fair Value Adjustments to Comprehensive income (Loss) |
| Three Months Ended June 30, |  | Six Months Ended June 30,
In thousands | 2019 |  | 2018 |  | 2019 |  | 2018
Unrealized gain (loss) on equity securities | $ | (5,548 | ) |  | $ | (8,028 | ) |  | $ | 3,637 |  |  | $ | (3,185 | )
Realized gain (loss) on equity securities | 384 |  |  | 5,535 |  |  | 375 |  |  | 5,202 |
Zinc options | — |  |  | 219 |  |  | — |  |  | 363 |
Interest rate swap, net | (132 | ) |  | (188 | ) |  | (188 | ) |  | (188 | )
Fair value adjustments, net | $ | (5,296 | ) |  | $ | (2,462 | ) |  | $ | 3,824 |  |  | $ | 2,192 |
Financial assets and liabilities measured at fair value on recurring basis | The following table presents the Company’s financial assets and liabilities measured at fair value on a recurring basis (at least annually) by level within the fair value hierarchy. Assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement:
| Fair Value at June 30, 2019
In thousands | Total |  | Level 1 |  | Level 2 |  | Level 3
Assets: |  |  |  |  |  |  |
Equity securities | $ | 19,457 |  |  | $ | 19,457 |  |  | $ | — |  |  | $ | — |
Other derivative instruments, net | 926 |  |  | — |  |  | 926 |  |  | — |
| $ | 20,383 |  |  | $ | 19,457 |  |  | $ | 926 |  |  | $ | — |
Liabilities: |  |  |  |  |  |  |
Silvertip contingent consideration | $ | 49,635 |  |  | $ | — |  |  | $ | — |  |  | $ | 49,635 |
Other derivative instruments, net | 2,660 |  |  | — |  |  | 2,660 |  |  | — |
| $ | 52,295 |  |  | $ | — |  |  | $ | 2,660 |  |  | $ | 49,635 |
| Fair Value at December 31, 2018
In thousands | Total |  | Level 1 |  | Level 2 |  | Level 3
Assets: |  |  |  |  |  |  |
Equity and debt securities | $ | 17,806 |  |  | $ | 15,589 |  |  | $ | — |  |  | $ | 2,217 |
Other derivative instruments, net | 914 |  |  | — |  |  | 914 |  |  | — |
| $ | 18,720 |  |  | $ | 15,589 |  |  | $ | 914 |  |  | $ | 2,217 |
Liabilities: |  |  |  |  |  |  |
Silvertip contingent consideration | $ | 49,276 |  |  | $ | — |  |  | $ | — |  |  | $ | 49,276 |
Other derivative instruments, net | 644 |  |  | — |  |  | 644 |  |  | — |
| $ | 49,920 |  |  | $ | — |  |  | $ | 644 |  |  | $ | 49,276 |
Changes in the fair value of the Company's Level 3 financial liabilities | The following tables present the changes in the fair value of the Company's Level 3 financial assets and liabilities for the three and six months ended June 30, 2019:
| Three Months Ended June 30, 2019
In thousands | Balance at the beginning of the period |  | Revaluation |  | Settlements |  | Accretion |  | Balance at the end of the period
Liabilities: |  |  |  |  |  |  |  |  |
Silvertip contingent consideration | $ | 49,455 |  |  | $ | — |  |  | $ | — |  |  | $ | 180 |  |  | $ | 49,635 |
| Six Months Ended June 30, 2019
In thousands | Balance at the beginning of the period |  | Revaluation |  | Settlements |  | Accretion |  | Balance at the end of the period
Assets: |  |  |  |  |  |  |  |  |
Equity and debt securities | $ | 2,217 |  |  | $ | 59 |  |  | $ | (2,276 | ) |  | $ | — |  |  | $ | — |
Liabilities: |  |  |  |  |  |  |  |  |
Silvertip contingent consideration | $ | 49,276 |  |  | $ | — |  |  | $ | — |  |  | $ | 359 |  |  | $ | 49,635 |
Financial Assets and Liabilities not Measured at Fair Value | The fair value of financial assets and liabilities carried at book value in the financial statements at June 30, 2019 and December 31, 2018 is presented in the following table:
| June 30, 2019
In thousands | Book Value |  | Fair Value |  | Level 1 |  | Level 2 |  | Level 3
Liabilities: |  |  |  |  |  |  |  |  |
2024 Senior Notes(1) | $ | 246,237 |  |  | $ | 240,184 |  |  | $ | — |  |  | $ | 240,184 |  |  | $ | — |
RCF(2) | $ | 53,000 |  |  | $ | 53,000 |  |  | $ | — |  |  | $ | 53,000 |  |  | $ | — |
(1) Net of unamortized debt issuance costs of $3.8 million. (2) Unamortized debt issuance costs of $2.7 million included in Other Non-Current Assets.
| December 31, 2018
In thousands | Book Value |  | Fair Value |  | Level 1 |  | Level 2 |  | Level 3
Assets: |  |  |  |  |  |  |  |  |
Manquiri Notes Receivable | $ | 5,487 |  |  | $ | 5,487 |  |  | $ | — |  |  | $ | — |  |  | $ | 5,487 |
Liabilities: |  |  |  |  |  |  |  |  |
2024 Senior Notes(1) | $ | 245,854 |  |  | $ | 220,446 |  |  | $ | — |  |  | $ | 220,446 |  |  | $ | — |
RCF(2) | $ | 135,000 |  |  | $ | 135,000 |  |  | $ | — |  |  | $ | 135,000 |  |  | $ | — |
(1) Net of unamortized debt issuance costs of $4.1 million. (2) Unamortized debt issuance costs of $2.2 million included in Other Non-Current Assets.

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- Definition Tabular disclosure of the fair value measurement of liabilities using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and gains or losses recognized in other comprehensive income (loss) and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs) by class of liability. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19207-110258 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19279-110258 + Details
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