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)
 9 Months Ended
Sep. 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
September 30, 2020
 December 31, 2019
Level 1 Level 2 Total Level 1 Level 2 Total
(in thousands)
Assets:
    Cash equivalents $ 392,945  $ —  $ 392,945  $ 215,674  $ —  $ 215,674 
Liabilities:
    Interest rate swap $ —  $ 35,638  $ 35,638  $ —  $ —  $ — 
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
September 30, 2020 December 31, 2019
Level 2
(in thousands)
6.5% Senior Secured Notes due 2027 $ 1,294,440  $ — 
4.75% Senior Notes due 2027 $ 891,015  $ 983,735 
4.875% Senior Notes due 2024 $ 556,727  $ 596,137 
5.625% Senior Notes due 2026 $ 290,727  $ 320,553 
2.5% Convertible Senior Notes due 2023 $ 607,893  $ 675,664 
2.0% Convertible Senior Notes Due 2025 $ 364,112  $ — 
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 nine months ended September 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 $ 7,390  $ —  $ —  $ 7,390  $ 15,264 
2019
Definite-lived intangible assets, net $ —  $ —  $ —  $ —  $ 19,372