Fair Value of Financial Instruments (Tables)

6 Months Ended

Jun. 30, 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):

	June 30, 2017				December 31, 2016
	Carrying		Fair		Carrying		Fair
	Amount		Value		Amount		Value
Financial assets:
Cash and cash equivalents	$	103,624	$	103,624	$	61,029	$	61,029
Restricted cash		22,566		32,516		2,414		2,414
Marketable securities		17,437		17,437		—		—
Financial liabilities:
7% Senior Notes	$	367,348	$	405,000	$	366,859	$	397,500
6% Senior Notes		359,145		397,500		—		—
New Term Loan		1,415,547		1,433,792		—		—
New Revolving Credit Facility		80,380		90,000		—		—
Other long-term debt		2,973		2,973		—		—
Term Loan		—		—		406,047		423,858
Revolving Credit Facility		—		—		26,977		29,000
Acquisition-related contingent considerations		533		533		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 June 30, 2017:

Balance as of December 31, 2016	$	496
Amortization of present value discount⁽¹⁾		34
Fair value adjustment for change in consideration expected to be paid⁽²⁾		3
Balance as of June 30, 2017	$	533

(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.