Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurements (Tables)

v3.21.1
Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2021
Fair Value Disclosures [Abstract]  
Schedule of Nonrecurring Fair Value Measurements
The following table summarizes our fair value measurements made on a nonrecurring basis as of various dates during 2021. Please note that these amounts represent the carrying amounts and fair values at the time of each measurement.
(in thousands) Date of Measurement Hierarchy Level Carrying Amount Fair Value
Real estate held for sale March 31, 2021 3 $ 12,107  $ 4,830 
Senior Notes March 31, 2021 2 $ 9,500  $ 9,500 
Schedule of Carrying Amount and Fair Value of Financial Instruments The following is a summary of the carrying amounts and estimated fair values of the Company's long-term debt and make-whole derivative instrument:
March 31, 2021 December 31, 2020
(in thousands, except hierarchy level)  Hierarchy Level Carrying Amount Fair Value Carrying Amount Fair Value
Fair Value of Debt
10.75% Senior Notes due 2023
2 $ 299,813  $ 69,500  $ 289,359  $ 44,992 
Senior Secured Promissory Note 3 $ 9,776  $ 2,715  $ 9,184  $ 2,103 
Second Lien Delayed Draw Promissory Note 3 $ 15,000  $ 15,000  $ 15,000  $ 15,000 
Fair Value of Derivative Instrument
Make-Whole 3 $ —  $ —  $ 4,847  $ 4,847