Long-Term Debt (Tables)
|6 Months Ended|
Jun. 30, 2022
|Debt Disclosure [Abstract]|
|Schedule of Long-term Debt Instruments||
The following table summarizes our debt obligations as of the dates presented:
1 The mortgage debt relates to the corporate office building and related assets acquired in connection with the Lonestar Acquisition for which assets were held as collateral for such debt. As of June 30, 2022 and December 31, 2021, these assets met the held for sale criteria and were classified as Assets held for sale on the condensed consolidated balance sheets. In July 2022, the mortgage debt was fully repaid in connection with the sale of the corporate office building. See Note 15 for additional information on the sale.
2 Other debt of $2.2 million was extinguished during the six months ended June 30, 2022 and recorded as a gain on extinguishment of debt.
3 The discount and issuance costs of the 9.25% Senior Notes due 2026 are being amortized over its respective term using the effective-interest method.
4 Excludes issuance costs associated with the Credit Facility, which represents costs attributable to the access to credit over its contractual term, that have been presented as a component of Other assets (see Note 9) and are being amortized over the term of the Credit Facility using the straight-line method.
Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef