Fair Value Disclosures (Tables)

9 Months Ended

Sep. 30, 2016

The carrying amounts and fair values of our financial liabilities as of September 30, 2016 and December 31, 2015 are as follows (in thousands):


	September 30, 2016				December 31, 2015
	Carrying		Fair		Carrying		Fair
	Amount		Value		Amount		Value
Senior Notes:
7.50% Notes	$	—	$	—	$	46,793	$	45,389
8.50% Notes, net (1)		196,460		208,360		195,495		199,000
6.00% Notes, net (1)		78,798		86,840		78,558		75,368
Senior Secured Credit Facility		15,000		15,000		—		—
Contingent consideration (earn-out) (2)		2,400		2,400		7,083		7,083

⁽¹⁾

The carrying amount of the debt instruments are net of unamortized deferred financing costs and certain debt discounts.

⁽²⁾

During the nine months ended September 30, 2016, we paid $4.3 million of the earn-out. During the three months ended September 30, 2016, we also reduced the carrying amount of the earn-out by $0.4 million to its estimated fair value.