Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurements (Tables)

v3.19.3
Fair Value Measurements (Tables)
9 Months Ended
Sep. 30, 2019
Fair Value Disclosures [Abstract]  
Schedule of Fair Value Level of Assets and Liabilities that are Measured on a Recurring Basis
The following summarizes the fair value level of assets and liabilities that are measured on a recurring basis at September 30, 2019 and December 31, 2018 (amounts in thousands): 
 
Level 1
 
Level 2
 
Level 3
 
Total
September 30, 2019 (Successor)
 
 
 
 
 
 
 
Interest rate swap agreements - assets (a)
$

 

 

 

Interest rate swap agreements - liabilities (a)

 

 

 

Total
$

 

 

 

December 31, 2018 (Predecessor)
 
 
 
 
 
 
 
Interest rate swap agreements - assets (a)
$

 
10,552

 

 
10,552

Interest rate swap agreements - liabilities (a)

 
(6,039
)
 

 
(6,039
)
Total
$

 
4,513

 

 
4,513


 

(a)
Swap asset values are included in non-current Other assets and Swap liability values are included in non-current Derivative financial instruments on the condensed consolidated balance sheets.
Schedule of Carrying Values and Fair Values of Financial Instruments that are Not Carried at Fair Value
Carrying values and fair values of financial instruments that are not carried at fair value are as follows (amounts in thousands):
 
Successor Company
 
 
Predecessor Company
 
September 30, 2019
 
 
December 31, 2018
Long term debt, including current portion:
 
 
 
 
Carrying value
994,000

 
 
1,816,450

Fair value (a)
925,660

 
 
1,218,606

 

(a) 
The fair value is based on market quotations from third party financial institutions and is classified as Level 2 in the hierarchy.