Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2017

Schedule of Assets Measured at Fair Value on a Recurring Basis

Items Measured at Fair Value on a Recurring Basis: The following table sets forth the assets measured at fair value on a recurring basis, by input level, in the consolidated balance sheets at December 31, 2017:

	December 31, 2017
	Level 1		Level 2		Total
Assets:
Marketable securities	$	7,906	$	9,725	$	17,631
Restricted cash and investments		9,055		4,098		13,153

Schedule of estimated fair value of financial instruments

The estimated fair values of the Company’s financial instruments are as follows (amounts in thousands):

	December 31, 2017				December 31, 2016
	Carrying		Fair		Carrying		Fair
	Amount		Value		Amount		Value
Financial assets:
Cash and cash equivalents	$	134,596	$	134,596	$	61,029	$	61,029
Restricted cash		13,153		13,153		2,414		2,414
Marketable securities		17,631		17,631		—		—
Financial liabilities:
7% Senior Notes	$	367,854	$	400,800	$	366,859	$	397,500
6% Senior Notes		880,889		914,375		—		—
New Term Loan		938,002		956,750		—		—
Other long-term debt		2,531		2,531		—		—
Term Loan		—		—		406,047		423,858
Revolving Credit Facility		—		—		26,977		29,000
Capital leases		917		917		543		543
Acquisition-related contingent considerations		486		486		496		496

Schedule of change in acquisition-related contingent consideration liability

The following table represents the change in acquisition-related contingent consideration liabilities for the period December 31, 2014 to December 31, 2017.

Balance as of January 1, 2015	$	524
Amortization of present value discount (1)		52
Fair value adjustment for change in consideration expected to be paid (2)		38
Settlements		(85	)
Balance as of December 31, 2015		529
Amortization of present value discount (1)		70
Fair value adjustment for change in consideration expected to be paid (2)		(13	)
Settlements		(90	)
Balance as of December 31, 2016		496
Amortization of present value discount (1)		69
Fair value adjustment for change in consideration expected to be paid (2)		11
Settlements		(90	)
Balance as of December 31, 2017	$	486

(1)	Changes in present value are included as a component of interest expense in the consolidated statements of income.

(2)	Fair value adjustments for changes in earn-out estimates are recorded as a component of general and administrative expense in the consolidated statements of income.