XML 49 R35.htm IDEA: XBRL DOCUMENT v3.22.4
FAIR VALUE MEASUREMENTS (Tables)
12 Months Ended
Dec. 31, 2022
Fair Value Disclosures [Abstract]  
Fair Value of Company's Notes Payable The carrying values and fair values of our borrowing instruments as of December 31, 2022 and 2021 were:
December 31, 2022December 31, 2021
Carrying ValueFair
Value
Carrying ValueFair
Value
(in thousands)
Term Loan B Facility$1,675,000 $1,642,547 $— $— 
2029 Notes350,000 297,596 350,000 346,281 
2031 Notes350,000 284,240 350,000 341,250 
Revolving Facility— — 85,000 85,000 
Fair Value of Company's Non-financial Assets
The fair values of these assets were determined based on Level 3 measurements, including estimates of the amount and timing of future cash flows based upon historical experience, expected market conditions, and management’s plans. We recorded impairments as follows:
Year Ended December 31,
202220212020
(in thousands)
Retail store assets impairment (1)
$— $— $2,412 
Right-of-use assets impairment (1)
— — 18,659 
Total asset impairments$— $— $21,071 
(1) During the year ended December 31, 2020, we recognized impairments for a retail location in New York City of $2.4 million to retail store assets and $17.6 million to the right-of-use asset. We also recognized an impairment of $1.1 million to the right-of-use asset for our corporate headquarters in Niwot, Colorado, as a result of our relocation to Broomfield, Colorado.