Fair Value Measurement (Tables)

9 Months Ended

Sep. 30, 2016

The following table presents the carrying amounts and estimated fair values of the Company’s financial instruments:



	September 30, 2016				December 31, 2015
	Carrying Value		Estimated Fair Value		Carrying Value		Estimated Fair Value
	(In thousands)
Financial Assets:
Restricted investments ⁽¹⁾	$	22,864	$	22,851	$	23,215	$	23,190
Financial Liabilities:
2015 Agreement: New Term Loan A, due July 2020⁽²⁾	592,819		594,250		668,055		669,750
Accounts receivable securitization, due January 2019 ⁽³⁾	299,196		300,000		223,927		225,000
Revolving line of credit, due July 2020	50,000		50,000		200,000		200,000

____________

The carrying amounts of the financial instruments shown in the table are included in the consolidated balance sheets, as follows:


(1)	Restricted investments are included in "Restricted investments, held to maturity, amortized cost."


(2)	The New Term Loan A is included in "Current portion of long-term debt" and "Long-term debt, less current portion." Carrying value is net of $1.4 million and $1.7 million DLCs as of September 30, 2016 and December 31, 2015, respectively.


(3)	Carrying value is net of $0.8 million and $1.1 million DLCs as of September 30, 2016 and December 31, 2015, respectively.

Fair Value Measurements, Nonrecurring

The following table depicts the level in the fair value hierarchy of the inputs used to estimate fair value of assets measured on a nonrecurring basis as of December 31, 2015 (in thousands):



			Fair Value Measurements at Reporting Date Using:
	Estimated Fair Value		Level 1 Inputs		Level 2 Inputs		Level 3 Inputs		Total Gains (Losses)
As of December 31, 2015	(In thousands)
Note receivable	$	—	$	—	$	—	$	—	$	(1,480	)