Fair Value Measurements (Tables)
9 Months Ended
Sep. 30, 2022
Fair Value Disclosures [Abstract]  
Schedule of Fair Value Measurement of Financial Instruments
The following table presents, for each applicable level within the fair value hierarchy, the Company’s net derivative assets and liabilities, including both current and noncurrent portions, measured at fair value on a recurring basis:
(in thousands)
Level 1Level 2Level 3
September 30, 2022
Total assets
$— $215,576 $— 
Total liabilities
— 12,475 — 
December 31, 2021
Total assets
$— $240 $— 
Total liabilities
— 35,150 — 
Long-term Debt, Fair Value The following table summarizes the carrying values, principal amounts and fair values of these instruments as of the dates indicated:
September 30, 2022December 31, 2021
Carrying ValuePrincipal AmountFair ValueCarrying ValuePrincipal AmountFair value
Credit Facility due 2027(1)
$550,000 $550,000 $550,000 $25,000 $25,000 $25,000 
5.375% Senior Notes due 2026(2)
286,296 289,448 264,121 285,666 289,448 286,554 
7.75% Senior Notes due 2026(2)
300,000 300,000 294,375 — — — 
6.875% Senior Notes due 2027(2)
351,396 356,351 344,388 350,712 356,351 361,696 
3.25% Convertible Senior Notes due 2028(2)
164,812 170,000 228,135 164,187 170,000 215,279 
5.875% Senior Notes due 2029(2)
651,166 700,000 624,540 — — — 
(1)     The carrying values of the amounts outstanding under OpCo’s Credit Agreement approximate fair value because its variable interest rates are tied to current market rates and the applicable credit spreads represent current market rates for the credit risk profile of the Company.
(2)    The carrying values include associated unamortized debt issuance costs and any debt discounts as reflected in the consolidated balance sheets. The fair values are determined using quoted market prices for these debt securities, a Level 1 classification in the fair value hierarchy, and are based on the aggregate principal amount of the senior notes outstanding.