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Fair Value of Financial Assets and Liabilities (Tables)
 9 Months Ended
Sep. 30, 2020
Fair Value Disclosures [Abstract]  
Summary of Fair Value and Carrying Value of Long-Term Debt

The fair value and carrying value of long-term debt as of September 30, 2020 and December 31, 2019 were as follows (in thousands):

 

 

September 30, 2020

 

 

 

 

 

December 31, 2019

 

 

 

 

 

Fair Value (1)

 

 

Carrying

Value

 

 

 

 

 

Fair Value (1)

 

 

Carrying

Value

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2024 Senior Secured Notes

$

989,000

 

 

$

921,672

 

 

(2

)

 

$

982,000

 

 

$

921,137

 

 

(2

)

2022 Convertible Notes

$

379,000

 

 

$

211,643

 

 

(3

)

 

$

297,000

 

 

$

201,868

 

 

(3

)

2020 Convertible Notes

$

-

 

 

$

-

 

 

 

 

 

$

2,498

 

 

$

2,498

 

 

 

 

 

(1)

Fair value amounts are rounded to the nearest million, except for the 2020 Convertible Notes, as of December 31, 2019.

(2)

Carrying value of the 2024 Senior Secured Notes reflects the unaccreted debt discount of $3.3 million and $3.9 million, respectively, as of September 30, 2020 and December 31, 2019. See Note 11, “Long-Term Debt and Other Liabilities,” for further information.

(3)

Carrying value of the 2022 Convertible Notes reflects the unaccreted debt discount of $26.1 million and $35.9 million, respectively, as of September 30, 2020 and December 31, 2019. See Note 11, “Long-Term Debt and Other Liabilities,” for further information.