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Fair Value Measurements (Tables)
 6 Months Ended
Jun. 30, 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
June 30, 2019
 
Level 1
 
Level 2
 
Level 3
 
Total
Assets
 
 
 
 
 
 
 
Foreign currency exchange contracts
$
—

 
$
1,403

 
$
—

 
$
1,403

Interest rate cap contracts
—

 
311

 
—

 
311

Liabilities
 
 
 
 
 
 
 
Interest rate swap agreements
—

 
(10,779
)
 
—

 
(10,779
)
Contingent consideration
—

 
—

 
(3,819
)
 
(3,819
)
 
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 six months ended June 30, 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

Change in fair value of contingent consideration
(2,199
)
Payment of contingent consideration
(131
)
Effect of foreign currency translation
(49
)
Balance at June 30, 2019
$
3,819
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 June 30, 2019 and December 31, 2018 (in thousands):
 
June 30, 2019
 
December 31, 2018
 
Carrying Amount
 
Estimated Fair Value
 
Carrying Amount
 
Estimated Fair Value
Financial Assets
 
 
 
 
 
 
 
Investment in receivable portfolios
$
3,224,568

 
$
3,293,067

 
$
3,137,893

 
$
3,525,861

Deferred court costs
92,595

 
92,595

 
95,918

 
95,918

Financial Liabilities
 
 
 
 
 
 
 
Encore convertible notes and exchangeable notes(1)
626,006

 
652,063

 
619,639

 
553,744

Cabot senior secured notes(2)
1,106,031

 
1,132,027

 
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.
(2)
Carrying amount represents historical cost, adjusted for any related debt discount or debt premium.