Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2017

Fair Value Measurements

Liabilities Measured at Fair Value on a Recurring Basis

A summary of the Company’s liabilities measured at fair value on a recurring basis as of December 31, 2017 and 2016 is as follows (in thousands):

	As of December 31, 2017								As of December 31, 2016
	Fair Value		Level 1		Level 2		Level 3		Fair Value		Level 1		Level 2		Level 3
Liabilities
Contingent consideration	$	6,580	$	-	$	-	$	6,580	$	6,400	$	-	$	-	$	6,400

Reconciliation of Assets And Liabilities Measured Using Significant Unobservable Inputs

The table below presents a reconciliation of all assets and liabilities of the Company measured at fair value on a recurring basis using significant unobservable inputs for the period from January 1, 2016 to December 31, 2017 (in thousands): 

	Fair Value of Contingent Consideration Liability
Balance at January 1, 2016	$	-
Full House acquisition		6,300
Fair value adjustments		100
Balance at December 31, 2016		6,400
Fair value adjustments		180
Balance at December 31, 2017	$	6,580

Summary of carrying value and fair value of senior secured credit facility

The following table summarizes the carrying values and estimated fair value of the 2016 Senior Secured Credit Facility as of December 31, 2017 and 2016 (in thousands):

	As of December 31,
	2017				2016
	Carrying Amount		Fair Value     Level 2		Carrying Amount		Fair Value     Level 2
Senior Secured Credit Facility	$	228,986	$	232,933	$	230,820	$	233,240