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Fair Value Measurements (Tables) | 3 Months Ended
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Mar. 31, 2024
Fair Value Disclosures [Abstract] |
Schedule of Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis | The following table is a listing of the Company’s assets and liabilities that are measured at fair value in the accompanying balance sheets and where they are classified within the fair value hierarchy:
| As of March 31, 2024 |  | As of December 31, 2023
| Level 1 |  | Level 2 |  | Level 3 |  | Level 1 |  | Level 2 |  | Level 3
| (in thousands)
Assets: |  |  |  |  |  |  |  |  |  |  |
Derivatives (1) | $ | — |  |  | $ | 41,111 |  |  | $ | — |  |  | $ | — |  |  | $ | 65,114 |  |  | $ | — |
Liabilities: |  |  |  |  |  |  |  |  |  |  |
Derivatives (1) | $ | — |  |  | $ | 25,477 |  |  | $ | — |  |  | $ | — |  |  | $ | 8,062 |  |  | $ | — |
__________________________________________ (1) This represents a financial asset or liability that is measured at fair value on a recurring basis.
Schedule of Carrying Values and Estimated Fair Values of Debt Instruments | Long-Term Debt The following table reflects the fair value of the Company’s Senior Notes obligations measured using Level 1 inputs based on quoted secondary market trading prices. These notes were not presented at fair value on the accompanying balance sheets as of March 31, 2024, or December 31, 2023, as they were recorded at carrying value, net of any unamortized deferred financing costs. Please refer to Note 5 - Long-Term Debt for additional information.
| As of March 31, 2024 |  | As of December 31, 2023
| Principal Amount |  | Fair Value |  | Principal Amount |  | Fair Value
| (in thousands)
5.625% Senior Notes due 2025 | $ | 349,118 |  |  | $ | 348,025 |  |  | $ | 349,118 |  |  | $ | 348,189 |
6.75% Senior Notes due 2026 | $ | 419,235 |  |  | $ | 419,491 |  |  | $ | 419,235 |  |  | $ | 420,660 |
6.625% Senior Notes due 2027 | $ | 416,791 |  |  | $ | 417,458 |  |  | $ | 416,791 |  |  | $ | 416,549 |
6.5% Senior Notes due 2028 | $ | 400,000 |  |  | $ | 402,644 |  |  | $ | 400,000 |  |  | $ | 401,372 |

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- Definition Tabular disclosure of financial instruments measured at fair value, including those classified in shareholders' equity measured on a recurring or nonrecurring basis. Disclosures include, but are not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. Nonrecurring fair value measurements are those that are required or permitted in the statement of financial position in particular circumstances. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2C -SubTopic 10 -Topic 820 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2C Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-3 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2 + Details
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- Definition Tabular disclosure of information pertaining to carrying amount and estimated fair value of short-term and long-term debt instruments or arrangements, including but not limited to, identification of terms, features, and collateral requirements. + References No definition available. + Details
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