Quarterly report pursuant to Section 13 or 15(d)

Fair Value (Tables)

v3.23.2
Fair Value (Tables)
6 Months Ended
Jun. 30, 2023
Fair Value Disclosures [Abstract]  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis
The following table presents carrying values and estimated fair values of financial instruments:
June 30, 2023 December 31, 2022
Hierarchy Carrying Value Fair Value Carrying Value Fair Value
(dollars in thousands)
Liabilities:
Line of credit facility (1)
Level 2 $ 490,000  $ 490,000  $ 514,300  $ 514,300 
(1)     Carrying amount approximates fair value due to the variable interest rate terms of these loans. Carrying value excludes any associated deferred loan costs.
Schedule of Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation
The following table reconciles the beginning and ending balances for the Level 3 recurring fair value measurements during the periods presented:
Six Months Ended June 30,
2023 2022
Warrant liability (dollars in thousands)
Beginning balance $ —  $ 9,185 
Changes in fair value —  7,315 
Repurchases of warrants —  (16,500)
Ending balance $ —  $ —