Fair Value of Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2016

Fair Value Disclosures [Abstract]

Schedule of Fair Value Valuation of Financial Instruments

The following table summarizes the fair value of our financial instruments at September 30, 2016 and December 31, 2015:

(Thousands)	Total		Quoted Prices in Active Markets (Level 1)		Prices with Other Observable Inputs (Level 2)		Prices with Unobservable Inputs (Level 3)
At September 30, 2016
Liabilities
Senior secured notes - 6.00%, due April 15, 2023	$	569,250	$	-	$	569,250	$	-
Senior unsecured notes - 8.25%, due October 15, 2023		1,159,950		-		1,159,950		-
Senior secured term loan B - variable rate, due October 24, 2022		2,121,280		-		2,121,280		-
Senior secured revolving credit facility, variable rate, due April 24, 2020		200,000		-		200,000		-
Derivative liability		68,758		-		68,758		-
Contingent consideration		98,600		-		-		98,600
Total	$	4,217,838	$	-	$	4,119,238	$	98,600

(Thousands)	Total		Quoted Prices in Active Markets (Level 1)		Prices with Other Observable Inputs (Level 2)		Prices with Unobservable Inputs (Level 3)
At December 31, 2015
Liabilities
Senior secured notes - 6.00%, due April 15, 2023	$	376,000	$	-	$	376,000	$	-
Senior unsecured notes - 8.25%, due October 15, 2023		937,950		-		937,950		-
Senior secured term loan B - variable rate, due October 24, 2022		1,986,198		-		1,986,198		-
Derivative liability		5,427		-		5,427		-
Total	$	3,305,575	$	-	$	3,305,575	$	-

Roll Forward of Liability Measured at Fair Value on Recurring Basis Using Unobservable Inputs

The following is a roll forward of our liability measured at fair value on a recurring basis using unobservable inputs (Level 3):

(Thousands)	December 31, 2015		Transfers into Level 3		Gain/(Loss) included in earnings		Settlements		September 30, 2016
Contingent consideration	$	-	$	98,600	$	-	$	-	$	98,600