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Fair Value Disclosures (Tables)
 6 Months Ended
Jun. 30, 2018
Fair Value Disclosures  
Fair value, by Balance Sheet Grouping

The carrying amounts and fair values of our financial liabilities as of June 30, 2018 and December 31, 2017 are as follows (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30, 2018

 

December 31, 2017

 

 

 

Carrying

 

Fair

 

Carrying

 

Fair

 

 

 

Amount

 

Value

 

Amount

 

Value

 

Senior notes:

    

 

    

    

 

    

    

 

    

    

 

    

 

6.625% Notes, net (1)

 

$

393,727

 

$

411,480

 

$

392,909

 

$

420,480

 

6.00% Notes, net (1)

 

 

79,359

 

 

95,520

 

 

79,199

 

 

90,240

 

Contingent consideration (earn-out) (2)

 

 

1,124

 

 

1,124

 

 

 —

 

 

 —

 

 

(1)

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

(2)

During the three months ended June 30, 2018, we reduced the carrying amount of the Oakdale-Hampton Homes earn-out by $1.3 million to its estimated fair value.