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Line of Credit, Long-Term Debt and Finance Lease Obligations (Tables)

12 Months Ended

Dec. 31, 2020

The carrying value of the Company’s long-term debt was $1.7 billion at December 31, 2020 and 2019 and consisted of the following (in thousands):


	December 31, 2020
	Principal		Unamortized Debt Issuance Costs			Total
Senior notes	$	1,750,000	$	(16,343	)	$	1,733,657
Revolving line of credit		—		(2,260	)		(2,260	)

Total	$	1,750,000	$	(18,603	)	$	1,731,397


	December 31, 2019
	Principal		Unamortized Debt Issuance Costs			Total
Senior notes	$	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

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, 2020 and 2019, respectively, as Level 2 inputs to estimate fair value and are summarized as follows (in thousands):


	December 31,
	2020		2019
2023 Notes	$	756,225	$	766,875
2027 Notes		1,070,000		1,025,600

Schedule of Financial Lease Obligations

The Company’s finance lease obligations

, related to equipment used in its newborn hearing screen program,

consist of the following (in thousands):


	December 31,
	2020			2019
Finance lease obligations	$	11,118		$	—
Less: Current portion		(2,219	)		—

Long-term portion	$	8,899		$	—