v3.25.1
Fair Value
3 Months Ended
Mar. 31, 2025
Fair Value.  
Fair Value

(10) Fair Value

The carrying values of accounts receivable and accounts payable as of December 31, 2024 and March 31, 2025 approximated market values because of their short-term nature. The carrying values of the amounts outstanding under the Credit Facility as of December 31, 2024 and March 31, 2025 approximated fair value because the variable interest rates are reflective of current market conditions.

The following table sets forth the fair value and carrying value of the senior notes (in thousands):

(Unaudited)

December 31, 2024

March 31, 2025

   

Fair

   

Carrying

   

Fair

   

Carrying

Value (1)

Value (2)

Value (1)

Value (2)

2026 Notes

$

98,924

96,599

2029 Notes

417,211

404,055

398,342

385,709

2030 Notes

579,660

595,376

588,720

595,571

Total

$

1,095,795

1,096,030

987,062

981,280

(1)Fair values are based on Level 2 market data inputs.
(2)Carrying values are presented net of unamortized debt issuance costs.

See Note 9—Equity-Based Compensation and Note 11—Derivative Instruments to the unaudited condensed consolidated financial statements for information regarding the fair value of equity-based awards and derivative financial instruments, respectively.