Quarterly report pursuant to Section 13 or 15(d)

Fair Value

v3.21.1
Fair Value
3 Months Ended
Mar. 31, 2021
Fair Value  
Fair Value

(10) Fair Value

The carrying values of accounts receivable and accounts payable as of December 31, 2020 and March 31, 2021 approximated market values because of their short-term nature. The carrying values of the amounts outstanding under the Credit Facility as of December 31, 2020 and March 31, 2021 approximated fair value because the variable interest rates are reflective of current market conditions.

The fair value and carrying value of the senior notes and 2026 Convertible Notes as of December 31, 2020 and March 31, 2021 is as follows (in thousands):

December 31, 2020

March 31, 2021

   

Fair

   

Carrying

   

Fair

   

Carrying

Value (1)

Value (2)

Value (1)

Value (2)

5.125% senior notes due 2022

$

658,468

658,400

5.625% senior notes due 2023

562,698

571,370

576,077

571,644

5.00% senior notes due 2025

560,500

585,440

590,413

585,687

8.375% senior notes due 2026

551,250

494,209

7.625% senior notes due 2029

742,840

691,144

4.25% convertible senior notes due 2026

430,963

169,383

347,999

82,802

Total

$

2,212,629

1,984,593

2,808,579

2,425,486

(1) Fair values are based on Level 2 market data inputs.
(2) Carrying values are presented net of unamortized debt issuance costs and debt discounts or premiums.

See Note 11—Derivative Instruments to the unaudited condensed consolidated financial statements for information regarding the fair value of derivative financial instruments.