XML 28 R17.htm IDEA: XBRL DOCUMENT v3.21.2
Financial Instruments
6 Months Ended
Jun. 30, 2021
Investments, All Other Investments [Abstract]  
Financial Instruments
 
(11)
Financial Instruments
The carrying amount of the Company’s financial instruments including cash and cash equivalents, accounts receivable and accounts payable approximate fair value due to the short-term nature of these financial instruments.
The estimated fair value of the Company’s secured notes, based on available market information as of June 30, 2021, was $303.0 million. The Company used Level 2 measurements under the fair value measurement hierarchy to determine the estimated fair value of the secured notes. The carrying amount of the Company’s long-term debt as of December 31, 2020 was $263.5 million, which approximated fair value based on current market
interest rates.