Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2015

Schedule of assets and liabilities measured at fair value on a recurring basis

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


	December 31, 2015				December 31, 2014
	Carrying		Fair		Carrying		Fair
	Amount		Value		Amount		Value
Financial assets:
Cash and cash equivalents	$	78,278	$	78,278	$	87,604	$	87,604
Restricted cash		5,271		5,271		8,234		8,234
Advance to Silver Legacy Joint Venture		—		—		—		4,911
Financial liabilities:
7.0% Senior Notes	$	366,043	$	367,500	$	—	$	—
New Term Loan		408,410		419,796		—		—
New Revolving Credit Facility		90,967		93,500		—		—
8.625% Senior Secured Notes		—		—		164,229		174,720
11.5% Senior Secured Second Lien Notes		—		—		610,827		606,919
Acquisition-related contingent considerations		529		529		524		524

Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation

The following table represents the change in acquisition‑related contingent consideration liabilities during the period from the Merger Date to December 31, 2015 (amounts in thousands):


Balance as of Merger Date	$	508
Amortization of present value discount(1)		38
Fair value adjustment for change in consideration expected to be paid(2)		(22)
Settlements		—
Balance as of December 31, 2014		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

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

(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 operations.