Fair Value Measurements

12 Months Ended

Dec. 31, 2016

Note 6.

Fair Value Measurements

The Company has investments in mutual funds held in a Rabbi Trust which are classified as trading securities. The Rabbi Trust assets are used to fund amounts the Company owes to key managerial employees under the Company’s non-qualified deferred compensation plan (See Note 9). Based on the nature of the assets held, the Company uses quoted market prices in active markets for identical assets to determine fair values, which apply to Level 1 investments. The following tables set forth the fair values of financial assets that are measured at fair value on a recurring basis as of December 31, 2016 and 2015, (in thousands):

	Successor
	As of December 31, 2016
			Fair Value Hierarchy Level
Description	Assets		Level 1		Level 2		Level 3
Assets
Mutual Funds
US Equity – Large Cap Growth	$	67	$	67	$	-	$	-
US Equity – Large Cap Value		2		2		-		-
US Equity – Large Cap Blend		84		84		-		-
US Equity – Mid Cap Growth		2		2		-		-
US Equity – Mid Cap Value		94		94		-		-
US Equity – Small Cap Growth		73		73		-		-

International Equity		7		7		-		-
Fixed Income		1		1		-		-
Money Market Funds		2		2		-		-
Total	$	332	$	332	$	-	$	-

	Successor
	As of December 31, 2015
			Fair Value Hierarchy Level
Description	Assets		Level 1		Level 2		Level 3
Assets
Mutual Funds
US Equity – Large Cap Growth	$	374	$	374	$	-	$	-
US Equity – Large Cap Value		48		48		-		-
US Equity – Large Cap Blend		1,038		1,038		-		-
US Equity – Mid Cap Growth		28		28		-		-
US Equity – Mid Cap Value		1,795		1,795		-		-
US Equity – Small Cap Growth		833		833		-		-
Growth Real Estate		25		25		-		-
International Equity		37		37		-		-
Fixed Income		158		158		-		-
Money Market Funds		181		181		-		-
Total	$	4,517	$	4,517	$	-	$	-

The mark to market adjustments are recorded in other income (expense), net, in the accompanying consolidated statements of operations for the year ended December 31, 2016, the periods from November 24, 2015 through December 31, 2015 and January 1, 2015 through November 23, 2015, and the year ended December 31, 2014, for a net investment (loss) income of $0.4 million, ($0.14) million, $0.03 million, $0.4 million, respectively.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

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