XML 36 R27.htm IDEA: XBRL DOCUMENT v3.25.2
Fair Value Measurements
 6 Months Ended
Jun. 30, 2025
Fair Value Disclosures [Abstract]  
Fair Value Measurements
18.
Fair Value Measurements

The carrying amounts reported for cash and cash equivalents, accounts receivable, other current assets, accounts payable and other current liabilities approximate fair value because of the short-term maturity of these instruments.

The carrying amounts and fair values of the Credit Facility, the Prior Credit Facility, and the Senior Notes at June 30, 2025 and December 31, 2024 were as follows (in thousands):

 

 

 

Carrying Amount

 

 

Fair Value

 

 

 

June 30,
2025

 

 

December 31,
2024

 

 

June 30,
2025

 

 

December 31,
2024

 

Credit Facility

 

$

806,453

 

 

$

—

 

 

$

806,453

 

 

$

—

 

Prior Credit Facility

 

$

—

 

 

$

1,039,349

 

 

$

—

 

 

$

1,039,349

 

5.500% Senior Notes due 2028

 

$

446,902

 

 

$

446,435

 

 

$

443,371

 

 

$

425,229

 

5.000% Senior Notes due 2029

 

$

471,532

 

 

$

471,125

 

 

$

456,632

 

 

$

439,324

 

7.375% Senior Notes due 2033

 

$

542,453

 

 

$

—

 

 

$

561,873

 

 

$

—

 

 

The Credit Facility, the Prior Credit Facility, and the Senior Notes were categorized as Level 2 in the GAAP fair value hierarchy. Fair values were based on trading activity among the Company’s lenders and the average bid and ask price as determined using published rates.