Quarterly report [Sections 13 or 15(d)]

Fair Value (Tables)

v3.25.1
Fair Value (Tables)
3 Months Ended
Mar. 31, 2025
Fair Value Disclosures [Abstract]  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis
The following table presents carrying values, excluding any discounts or deferred loan costs, and estimated fair values of financial instruments:
March 31, 2025 December 31, 2024
Hierarchy Carrying Value Fair Value Carrying Value Fair Value
(dollars in thousands)
Liabilities:
Line of credit facility (1)
Level 2 $ 200,000  $ 200,000  $ 199,000  $ 199,000 
11.0% Senior Notes
Level 2 $ 250,000  $ 251,250  $ 250,000  $ 261,250 
8.875% Senior Notes
Level 2 $ 300,000  $ 286,500  $ 300,000  $ 298,125 
(1)     Carrying amount approximates fair value due to the variable interest rate terms of this loan.