Fair Value Disclosures (Tables)

12 Months Ended

Dec. 31, 2016

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


	December 31, 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)		196,782		206,500		195,495		199,000
6.00% Notes, net (1)		78,878		84,984		78,558		75,368
Contingent consideration (earn-out) (2)		2,400		2,400		7,083		7,083

⁽¹⁾

The carrying amounts are net of unamortized deferred financing costs and certain debt discounts, which were $3.2 million and $1.1 million for the 8.50% Notes and the 6.00% Notes, respectively.

⁽²⁾

During the year ended December 31, 2016, we paid $4.3 million of the earn-out and also reduced the carrying amount of the earn-out by $0.4 million to its estimated fair value.