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Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2016
Accounting Policies [Abstract]  
Average Estimated Useful Lives of Property Plant and Equipment
The following table sets forth the average estimated useful lives at acquisition of the Company’s property, plant and equipment, by asset category:

Asset category
 
Depreciable Life (years)
Buildings
 
30 - 50
Leasehold improvements
 
20 - 30
Furniture and equipment
 
7 - 20
Automobiles
 
5 - 7
Computer hardware and software
 
3 - 5
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis
The following table summarizes the basis used to measure the fair values of the Company’s financial instruments (amounts in thousands):

 
 
 
Fair Value Measurements at Reporting Date, Using:
Description
December 31,
2016
 
Quoted Prices
in Active
Markets for
Identical Items
(Level 1)
 
Significant
Other
Observable
Inputs
(Level 2)
 
Significant
Unobservable
Inputs
(Level 3)
Cash and cash equivalents
$
200,772

 
$
200,772

 
$

 
$

Available-for-sale securities
1,106

 
1,074

 

 
32

Total assets
$
201,878

 
$
201,846

 
$

 
$
32

Purchase consideration payable
$
4,994

 
$

 
$

 
$
4,994

Total liabilities
$
4,994

 
$

 
$

 
$
4,994

Description
December 31,
2015
 
Quoted Prices
in Active
Markets for
Identical Items
(Level 1)
 
Significant
Other
Observable
Inputs
(Level 2)
 
Significant
Unobservable
Inputs
(Level 3)
Cash and cash equivalents
$
346,266

 
$
346,266

 
$

 
$

Available-for-sale securities
5,941

 
4,843

 

 
1,098

Total assets
$
352,207

 
$
351,109

 
$

 
$
1,098

Purchase consideration payable
$
4,967

 
$

 
$

 
$
4,967

Total liabilities
$
4,967

 
$

 
$

 
$
4,967