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Fair Value Measurements (Tables) | 9 Months Ended
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Sep. 30, 2020
Fair Value Disclosures [Abstract] |
Schedule of financial instruments measured at fair value on a recurring basis | As of September 30, 2020, there were no financial instruments measured at fair value on a recurring basis. The following table provides additional information relating to financial instruments measured at fair value on a recurring basis as of December 31, 2019 (in thousands):.
| Level 1 |  | Level 2 |  | Level 3 |  | Total |  | Valuation Approach
Assets: |  |  |  |  |  |  |  |  |
Interest rate swaps | $ | — |  |  | $ | 44 |  |  | $ | — |  |  | $ | 44 |  |  | (c)
Liabilities: |  |  |  |  |  |  |  |  |
Foreign exchange contracts — hedging instruments | — |  |  | 401 |  |  | — |  |  | 401 |  |  | (c)
Foreign exchange contracts — non-hedging instruments | — |  |  | 601 |  |  | — |  |  | 601 |  |  | (c)
Total net liability | $ | — |  |  | $ | 958 |  |  | $ | — |  |  | $ | 958 |  |  |
Schedule of principal amount and estimated fair value of long-term debt | The principal amount and estimated fair value of our long-term debt are as follows (in thousands):
| September 30, 2020 |  |  |  | December 31, 2019 |  |
| Principal Amount (1) |  | Fair Value (2) (3) |  | Principal Amount (1) |  | Fair Value (2) (3)
Term Loan (matures December 2021) | $ | 30,625 |  |  | $ | 30,051 |  |  | $ | 33,250 |  |  | $ | 32,959 |
Nordea Q5000 Loan (matures January 2021) (4) | 62,500 |  |  | 62,656 |  |  | 89,286 |  |  | 89,398 |
MARAD Debt (matures February 2027) | 56,410 |  |  | 62,551 |  |  | 63,610 |  |  | 68,643 |
2022 Notes (mature May 2022) | 35,000 |  |  | 33,075 |  |  | 125,000 |  |  | 134,225 |
2023 Notes (mature September 2023) | 30,000 |  |  | 27,300 |  |  | 125,000 |  |  | 162,188 |
2026 Notes (mature February 2026) | 200,000 |  |  | 160,626 |  |  | — |  |  | — |
Total debt | $ | 414,535 |  |  | $ | 376,259 |  |  | $ | 436,146 |  |  | $ | 487,413 |
(1)Principal amount includes current maturities and excludes the related unamortized debt discount and debt issuance costs. See Note 7 for additional disclosures on our long-term debt. (2)The estimated fair value of the 2022 Notes, the 2023 Notes and the 2026 Notes was determined using Level 1 fair value inputs under the market approach. The fair value of the Term Loan, the Nordea Q5000 Loan and the MARAD Debt was estimated using Level 2 fair value inputs under the market approach, which was determined using a third-party evaluation of the remaining average life and outstanding principal balance of the indebtedness as compared to other obligations in the marketplace with similar terms. (3)The principal amount and estimated fair value of the 2022 Notes, the 2023 Notes and the 2026 Notes are for the entire instrument inclusive of the conversion feature reported in shareholders’ equity. (4)The maturity date of the Nordea Q5000 Loan was extended from April 2020 to January 2021 as a result of an amendment to the Nordea Credit Agreement in March 2020 (Note 7).

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- Definition Tabular disclosure of information pertaining to carrying amount and estimated fair value of short-term and long-term debt instruments or arrangements, including but not limited to, identification of terms, features, and collateral requirements. + References No definition available. + Details
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- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 + Details
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