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Fair Value Disclosures (Tables)
3 Months Ended
Mar. 31, 2017
Fair Value Disclosures [Abstract]  
Carrying Value and Fair Value of Financial Instruments
The carrying value and fair value of our financial instruments are as follows:
 
 
 
 
March 31, 2017
 
December 31, 2016
(Dollars in thousands)
 
Level in Fair
Value Hierarchy
 
Carrying
Value
 
Estimated
Fair
Value
 
Carrying
Value
 
Estimated
Fair
Value
Description:
 
 
 
 
 
 
 
 
 
 
Mortgage loans held for sale
 
2
 
$
109,079

 
$
109,079

 
$
233,184

 
$
233,184

Derivative assets
 
2
 
1,961

 
1,961

 
2,291

 
2,291

Mortgage warehouse borrowings
 
2
 
69,146

 
69,146

 
198,564

 
198,564

Loans payable and other borrowings
 
2
 
156,330

 
156,330

 
150,485

 
150,485

5.25% Senior Notes due 2021 (1)
 
2
 
545,209

 
563,750

 
544,911

 
563,750

5.875% Senior Notes due 2023 (1)
 
2
 
346,573

 
366,625

 
346,431

 
355,250

5.625% Senior Notes due 2024 (1)
 
2
 
346,277

 
362,250

 
346,142

 
353,500

Revolving Credit Facility
 
2
 

 

 

 

Contingent consideration liability
 
3
 
4,815

 
4,815

 
17,200

 
17,200

(1) Carrying value for Senior Notes, as presented, includes unamortized debt issuance costs. Debt issuance costs are not factored into the fair value calculation for the Senior Notes.
Fair Value Measurements, Nonrecurring [Table Text Block]
The following table presents the fair value for our inventories measured at fair value on a nonrecurring basis as of the period presented.

(Dollars in thousands)
 
 
 
 
Description:
Level in
Fair Value
Hierarchy
 
 
December 31, 2016
Inventories (1)
3
 
 
$
3,778

(1) During the year ended December 31, 2016, we recorded $3.5 million of impairment charges.