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v3.20.2

Long-Term Debt (Tables) | 12 Months Ended
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Dec. 31, 2019
Debt Disclosure [Abstract] |
Components of Long-term debt | Long-term debt consisted of the following:
|  | As of December 31, |  |
(in thousands) |  | 2019 |  | 2018
Revolving credit facility |  | $ | — |  |  | $ | — |
Senior unsecured notes, due in 2025 |  | 400,000 |  |  | 400,000 |
Senior unsecured notes, due in 2027 |  | 500,000 |  |  | — |
Term loan, due in 2024 |  | 293,250 |  |  | 296,250 |
Term loan, due in 2026 |  | 759,272 |  |  | — |
Total outstanding principal |  | 1,952,522 |  |  | 696,250 |
Less: Debt issuance costs and issuance discounts |  | (37,492) |  |  | (7,486) |
Less: Current portion |  | (10,612) |  |  | (3,000) |
Net carrying value of long-term debt |  | 1,904,418 |  |  | 685,764 |
Fair value of long-term debt * |  | $ | 1,991,164 |  |  | $ | 662,844 |
* Fair values of the 2025 and 2027 Senior Notes are estimated based on quoted private market transactions and are classified as Level 1 in the fair value hierarchy. The fair values of the term loans are based on observable estimates provided by third party financial professionals, and as such, are classified within Level 2 of the fair value hierarchy.

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- Definition Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. + References No definition available. + Details
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