Quarterly report pursuant to Section 13 or 15(d)

FAIR VALUE MEASUREMENTS Fair Value Measurements (Tables)

v3.20.2
FAIR VALUE MEASUREMENTS Fair Value Measurements (Tables)
 6 Months Ended
Jun. 30, 2020
Fair Value Disclosures [Abstract]  
Fair Value of Assets and Liabilities Measured on a Recurring Basis
The following table shows the fair value of our significant financial assets that are required to be measured at fair value on a recurring basis, which are classified on the consolidated balance sheets as cash and cash equivalents and other long-term liabilities.


Estimated Fair Value
June 30, 2020 December 31, 2019
Level 1 Level 2 Total Level 1 Level 2 Total
(in thousands)
Assets:
    Cash equivalents $ 609,360    $ —    $ 609,360    $ 193,005    $ —    $ 193,005   
Liabilities:
    Interest rate swap $ —    $ 35,243    $ 35,243    $ —    $ —    $ —   
Estimated Fair Values of Debt
The following table presents the estimated fair values of our senior secured notes, senior notes and convertible senior notes:
Estimated Fair Value at
June 30, 2020 December 31, 2019
Level 2
(in thousands)
6.5% Senior Secured Notes due 2027 $ 1,235,304    $ —   
4.75% Senior Notes due 2027 $ 823,223    $ 983,735   
4.875% Senior Notes due 2024 $ 518,345    $ 596,137   
5.625% Senior Notes due 2026 $ 283,119    $ 320,553   
2.5% Convertible Senior Notes due 2023 $ 563,123    $ 675,664   
2.0% Convertible Senior Notes Due 2025 $ 342,000    $ —   
Fair Value Measurements, Nonrecurring
The following table shows the fair value of our financial assets that have been adjusted to fair value on a non-recurring basis, which had a significant impact on our results of operations for the six months ended June 30, 2020.
Fair Value Measurements Using
Description Fair Value Measurement Level 1 Level 2 Level 3 Loss (Gain)
2020 (in thousands)
Definite-lived intangible assets, net $ 6,919    $ —    $ —    $ 6,919    $ 12,063