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Line of Credit, Long-Term Debt and Finance Lease Obligations (Tables)
12 Months Ended
Dec. 31, 2019
Debt Disclosure [Abstract]  
Schedule of Long-Term Debt
The carrying value of the Company’s long-term debt was $1.7 billion and $2.0 billion at December 31, 2019 and 2018, respectively, and consisted of the following (in thousands):
 
December 31, 2019
 
 
Principal
 
 
Unamortized
Debt
Issuance
Costs
 
 
Total
 
Senior
n
otes
  $
1,750,000
    $
(19,762
)   $
 
 
1,730,238
 
Revolving line of credit
   
—  
     
(2,664
)    
(2,664
)
                         
Total
  $
1,750,000
    $
(22,426
)   $
1,727,574
 
                         
 
December 31, 2018
 
 
Principal
 
 
Unamortized
Debt
Issuance
Costs
 
 
Total
 
Senior
n
otes
  $
1,250,000
    $
(15,408
)   $
1,234,592
 
Revolving line of credit
   
739,500
     
(4,274
)    
735,226
 
                         
Total
  $
 
 
1,989,500
    $
(19,682
)   $
1,969,818
 
                         
Summary of Estimated Fair Value of Notes The estimated fair value of the Company’s 2023 Notes and 2027 Notes were estimated using trading prices as of December 31, 2019 and 2018, respectively, as Level 2 inputs to estimate fair value and are summarized as follows (in thousands):
 
December 31,
 
 
2019
 
 
2018
 
2023 Notes
  $
766,875
    $
736,725
 
2027 Notes
   
1,025,600
     
482,500
 
Schedule of Financial Lease Obligations
The Company’s finance lease obligations consist of the following (in thousands):
 
December 31,
 
 
2019
 
 
2018
 
Finance lease obligations
  $
188
    $
441
 
Less: Current portion
   
(130
)    
(253
)
                 
Long-term portion
  $
58
    $
188