Fair Value Disclosures (Tables)

3 Months Ended

Mar. 31, 2017

The carrying amounts and fair values of our financial liabilities as of March 31, 2017 and December 31, 2016 are as follows (in thousands):


	March 31, 2017				December 31, 2016
	Carrying		Fair		Carrying		Fair
	Amount		Value		Amount		Value
Senior notes:
8.50% Notes, net (1)	$	197,104	$	208,000	$	196,782	$	206,500
6.00% Notes, net (1)		78,958		88,880		78,878		84,984
Contingent consideration (earn-out) (2)		2,412		2,412		2,400		2,400

⁽¹⁾

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

⁽²⁾

In April 2017, we made the final earn-out payment due in connection with the Bonterra Builders acquisition in the amount of $2.4 million.