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Fair Value Measurements (Tables)
 3 Months Ended
Mar. 31, 2019
Fair Value Disclosures [Abstract]  
Schedule of Financial Assets and Liabilities Measured at Fair Value on Recurring Basis
Financial assets and liabilities measured at fair value on a recurring basis are summarized below (in thousands):
 
Fair Value Measurements as of
March 31, 2019
 
Level 1
 
Level 2
 
Level 3
 
Total
Assets
 
 
 
 
 
 
 
Foreign currency exchange contracts
$
—

 
$
837

 
$
—

 
$
837

Interest rate cap contracts
—

 
451

 
—

 
451

Liabilities
 
 
 
 
 
 
 
Foreign currency exchange contracts
—

 
(38
)
 
—

 
(38
)
Interest rate swap agreements
—

 
(6,967
)
 
—

 
(6,967
)
Contingent consideration
—

 
—

 
(6,257
)
 
(6,257
)
 
Fair Value Measurements as of
December 31, 2018
 
Level 1
 
Level 2
 
Level 3
 
Total
Assets
 
 
 
 
 
 
 
Interest rate cap contracts
$
—

 
$
2,023

 
$
—

 
$
2,023

Liabilities
 
 
 
 
 
 
 
Foreign currency exchange contracts
—

 
(237
)
 
—

 
(237
)
Interest rate swap agreements
—

 
(4,881
)
 
—

 
(4,881
)
Contingent consideration
—

 
—

 
(6,198
)
 
(6,198
)
Schedule of Roll forward of the Fair Value of Contingent Consideration
The following table provides a roll forward of the fair value of contingent consideration for the three months ended March 31, 2019 and year ended December 31, 2018 (in thousands):
 
Amount
Balance at December 31, 2017
$
10,612

Issuance of contingent consideration in connection with acquisition
1,728

Change in fair value of contingent consideration
(5,664
)
Payment of contingent consideration
(271
)
Effect of foreign currency translation
(207
)
Balance at December 31, 2018
6,198

Payment of contingent consideration
(85
)
Effect of foreign currency translation
144

Balance at March 31, 2019
$
6,257
Schedule Of Financial Instruments Not Required To Be Carried At Fair Value
The carrying amounts in the following table are recorded in the consolidated statements of financial condition at March 31, 2019 and December 31, 2018 (in thousands):
 
March 31, 2019
 
December 31, 2018
 
Carrying Amount
 
Estimated Fair Value
 
Carrying Amount
 
Estimated Fair Value
Financial Assets
 
 
 
 
 
 
 
Investment in receivable portfolios
$
3,211,587

 
$
3,413,480

 
$
3,137,893

 
$
3,525,861

Deferred court costs
96,207

 
96,207

 
95,918

 
95,918

Financial Liabilities
 
 
 
 
 
 
 
Encore convertible notes and exchangeable notes(1)
622,761

 
600,558

 
619,639

 
553,744

Cabot senior secured notes
1,119,265

 
1,103,966

 
1,109,922

 
1,036,905

________________________
(1)
Carrying amount represents the portion of the convertible and exchangeable notes classified as debt, while estimated fair value pertains to the face amount of the notes.