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Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 2014
Fair Value, Inputs, Level 1
 
Fair Value, Liabilities Measured on Recurring and Nonrecurring Basis
The following tables present certain information for our financial liabilities that is disclosed at fair value on a recurring basis at June 30, 2014 and December 31, 2013:
 
 
Level 1

Level 1
 
June 30, 2014

December 31, 2013
 
Carrying
Amount

Fair Value

Carrying
Amount

Fair Value
Liabilities:
 


 


 


 

6.75% Notes due 2020
$
742,576


$
775,425


$
664,056


$
690,525

Fair Value, Inputs, Level 3
 
Fair Value, Liabilities Measured on Recurring and Nonrecurring Basis
The following table presents changes in Deferred Acquisition Consideration.
 
 
Fair Value
Measurements Using
Significant
Unobservable Inputs
(Level 3)
 
June 30,

December 31,
 
2014

2013
Beginning Balance of contingent payments
$
151,848


$
194,795

Payments
(53,083
)

(106,460
)
Grants (1)
47,629


31,608

Redemption value adjustments (2)
14,819


38,712

Transfers (to) from fixed payments
(5,146
)

(6,318
)
Foreign translation adjustment
925


(489
)
Ending Balance of contingent payments
$
156,992


$
151,848

 
(1) Grants are the initial estimated deferred acquisition payments of new acquisitions completed within that fiscal
period.

(2) Redemption value adjustments are fair value changes from the Company’s initial estimates of deferred acquisition
payments, including the accretion of present value and stock based compensation charges relating to acquisition
payments that are tied to continued employment.