Fair Value of Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2017

Fair Value of Financial Instruments

Schedule of estimated fair value of financial instruments

The estimated fair value of financial instruments is as follows (dollars in thousands):

	Carrying		Fair
	Value		Value
March 31, 2017
Liabilities - long-term debt (carried at cost)		290,466		294,665
December 31, 2016
Liabilities - long-term debt (carried at cost)		284,699		293,765

Schedule of liabilities measured at fair value on a recurring basis

A summary is as follows (dollars in thousands):

	March 31,		December 31,
	2017		2016
Liability value measurements using:
Quoted prices in active markets for identical liabilities (Level 1)	$	—	$	—
Significant other observable inputs (Level 2)		294,665		293,765
Significant unobservable inputs (Level 3)		—		—
	$	294,665	$	293,765