Fair Value of Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2018

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, 2018
Liabilities - long-term debt (carried at cost)		305,054		310,709
December 31, 2017
Liabilities - long-term debt (carried at cost)		309,316		315,339

Schedule of liabilities measured at fair value on a recurring basis

A summary is as follows (dollars in thousands):

	March 31,		December 31,
	2018		2017
Liability value measurements using:
Quoted prices in active markets for identical liabilities (Level 1)	$	—	$	—
Significant other observable inputs (Level 2)		310,709		315,339
Significant unobservable inputs (Level 3)		—		—
	$	310,709	$	315,339