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Fair Value Measurements (Tables)
 6 Months Ended
Jun. 30, 2021
Fair Value Disclosures [Abstract]  
Schedule of Fair Value Measurement of Financial Instruments
The following table presents, for each applicable level within the fair value hierarchy, the Company’s net derivative assets and liabilities, including both current and noncurrent portions, measured at fair value on a recurring basis:
(in thousands)
Level 1Level 2Level 3
June 30, 2021
Total assets
$— $68 $— 
Total liabilities
— 64,036 — 
December 31, 2020
Total assets
$— $52 $— 
Total liabilities
— 18,261 — 
Long-term Debt, Fair Value The following table summarizes the carrying values, principal amounts and fair values of these instruments as of the dates indicated:
June 30, 2021December 31, 2020
Carrying ValuePrincipal AmountFair ValueCarrying ValuePrincipal AmountFair value
Credit facility due 2023(1)
$255,000 $255,000 $255,000 $330,000 $330,000 $330,000 
8.00% Senior Secured Notes due 2025(2)
— — — 103,901 127,073 114,366 
5.375% Senior Notes due 2026(2)
285,261 289,448 283,659 284,867 289,448 206,955 
6.875% Senior Notes due 2027(2)
350,276 356,351 364,405 349,856 356,351 254,791 
3.25% Convertible Notes due 2028(2)
163,780 170,000 219,606 — — — 
(1)     The carrying values of the amounts outstanding under CRP’s credit agreement approximate fair value because its variable interest rates are tied to current market rates and the applicable credit spreads represent current market rates for the credit risk profile of the Company.
(2)    The carrying values include associated unamortized debt issuance costs and any debt discounts as reflected in the consolidated balance sheets. The fair values are determined using quoted market prices for these debt securities, a Level 1 classification in the fair value hierarchy, and are based on the aggregate principal amount of the senior notes outstanding.