Quarterly report pursuant to Section 13 or 15(d)

Financial Instruments

v3.19.2
Financial Instruments
6 Months Ended
Jun. 30, 2019
Financial Instruments, Financial Assets, Balance Sheet Groupings [Abstract]  
Financial Instruments Financial Instruments

Fair Value of Financial Instruments

The following methods and assumptions were used by the Company in estimating its fair value disclosures for financial instruments:

Accounts receivable and accounts payable: The carrying amounts reported in the balance sheet for accounts receivable and accounts payable approximate their fair value based on their short-term nature.
 
Revolving credit facility: The Company’s revolving credit facility bears variable interest rates plus additional basis points based upon covenants related to total indebtedness to earnings.  As the revolving credit facility bears a variable interest rate, the carrying value approximates fair value.