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

12 Months Ended

Dec. 31, 2021

Debt Disclosure [Abstract]

Schedule of Long-Term Debt

The carrying value of the Company’s long-term debt was $989.7 million and $1.7 billion at December 31, 2021 and 2020, respectively, and consisted of the following (in thousands):


		December 31, 2021
		Principal				Unamortized Debt Issuance Costs				Total
Senior notes		$	1,000,000			$	(9,712	)		$	990,288
Revolving line of credit			—				(628	)			(628	)
Total		$	1,000,000			$	(10,340	)		$	989,660


		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

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, 2021 and 2020, respectively, as Level 2 inputs to estimate fair value for relevant periods and are summarized as follows (in thousands):


		December 31,
		2021				2020
2023 Notes		$	—			$	756,225
2027 Notes			1,047,190				1,070,000

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,
		2021				2020
Finance lease obligations		$	14,178			$	11,118
Less: Current portion			(2,490	)			(2,219	)
Long-term portion		$	11,688			$	8,899