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Fair Value of Assets and Liabilities (Tables)

12 Months Ended

Dec. 31, 2024

Carrying Value and Estimated Fair Value of Financial Instruments

The Company’s Consolidated Balance Sheets reflect certain financial instruments at carrying value. The following table presents the carrying values of those instruments and the corresponding estimated fair values (in thousands):


	Estimated Fair Value Measurements at December 31, 2024
	Carrying Value as of December 31, 2024		Total Fair Value		Level 1		Level 2		Level 3
Assets:
Cash and cash equivalents	$	76,896	$	76,896	$	76,896	$	—	$	—
Restricted cash and investments		48,968		48,968		48,968		—		—
Liabilities:
Borrowings under credit agreement	$	430,823	$	436,838	$	—	$	436,838	$	—
8.625% Senior Secured Notes due 2029		650,000		687,239		—		687,239		—
10.250% Senior Notes due 2031		625,000		682,281		—		682,281		—
6.50% Exchangeable Senior Notes due 2026		100		314		—		314		—


	Estimated Fair Value Measurements at December 31, 2023
	Carrying Value as of December 31, 2023		Total Fair Value		Level 1		Level 2		Level 3
Assets:
Cash and cash equivalents	$	93,971	$	93,971	$	93,971	$	—	$	—
Restricted cash and investments		65,896		65,896		65,896		—		—
Liabilities:
Borrowings under exchange credit facility	$	906,712	$	926,445	$	—	$	926,445	$	—
10.500% Public Second Lien Notes due 2028		286,521		293,049		—		293,049		—
9.500% Private Second Lien Notes due 2028		239,142		231,692		—		231,692		—
5.875% Senior Notes due 2024		23,253		22,946		—		22,946		—
6.00% Senior Notes due 2026		110,858		106,541		—		106,541		—
6.50% Exchangeable Senior Notes due 2026		230,000		319,920		—		319,920