Fair Value of Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2017

Schedule of estimated fair value of financial instruments

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

	March 31, 2017				December 31, 2016
	Carrying		Fair		Carrying		Fair
	Amount		Value		Amount		Value
Financial assets:
Cash and cash equivalents	$	44,574	$	44,574	$	61,029	$	61,029
Restricted cash		2,062		2,062		2,414		2,414
Escrow cash		376,750		376,750		—		—
Financial liabilities:
7% Senior Notes	$	367,081	$	397,500	$	366,859	$	397,500
6% Senior Notes		371,220		379,688		—		—
Term Loan		405,497		417,563		406,047		423,858
Revolving Credit Facility		21,119		23,000		26,977		29,000
Acquisition-related contingent considerations		512		512		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, 2016 to March 31, 2017:

Balance as of December 31, 2016	$	496
Amortization of present value discount⁽¹⁾		15
Fair value adjustment for change in consideration expected to be paid⁽²⁾		1
Balance as of March 31, 2017	$	512

(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 included in general and administrative expense in the consolidated statements of operations.