Quarterly report pursuant to Section 13 or 15(d)

FAIR VALUE DISCLOSURES

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FAIR VALUE DISCLOSURES
 9 Months Ended
Sep. 30, 2024
Fair Value Disclosures [Abstract]  
FAIR VALUE DISCLOSURES FAIR VALUE DISCLOSURES
Authoritative guidance on fair value measurements provides a framework for measuring fair value and establishes a fair value hierarchy that prioritizes the inputs used to measure fair value, giving the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 inputs) and the lowest priority to unobservable inputs (Level 3 inputs). The fair values of the Company’s cash and cash equivalents, accounts receivable and accounts payable approximate their carrying values due to the short-term nature of these items.
The Company’s debt was measured at fair value using Level 2 inputs based on estimated current rates for similar types of arrangements using discounted cash flow analysis. Considerable judgment was required in developing certain of the estimates of fair value, and, accordingly, the estimates presented herein are not necessarily indicative of the amounts that the Company could realize in a current market exchange.
The carrying and fair values of the Company’s debt were as follows (in thousands):
Carrying
Amount		 Level 1 Level 2 Level 3
September 30, 2024
LIABILITIES
6.875% Senior Notes(1)
$ 395,251  $ —  $ 394,794  $ — 
UKSAR Debt(2)
184,014  —  190,947  — 
IRCG Debt(3)
49,801  —  51,198  — 
$ 629,066  $ —  $ 636,939  $ — 
December 31, 2023
LIABILITIES
6.875% Senior Notes(1)
$ 394,184  $ —  $ 383,068  $ — 
UKSAR Debt(2)
153,886  —  162,467  — 
$ 548,070  $ —  $ 545,535  $ — 
___________________ 
(1)As of September 30, 2024 and December 31, 2023, the carrying values of unamortized deferred financing fees related to the 6.875% Senior Notes were $4.7 million and $5.8 million, respectively.
(2)As of September 30, 2024 and December 31, 2023, the carrying values of unamortized deferred financing fees related to the UKSAR Debt were $9.8 million and $8.4 million, respectively.
(3)As of September 30, 2024, the carrying value of unamortized deferred financing fees related to the IRCG Debt was $1.6 million.