Fair Value by Balance Sheet Grouping |
The following table presents the carrying amounts and estimated fair values of the Company’s financial instruments as of September 30, 2015 and December 31, 2014 (in thousands): | | | | | | | | | | | | | | | | | | September 30, 2015 | | December 31, 2014 | | Carrying Value | | Estimated Fair Value | | Carrying Value | | Estimated Fair Value | Financial Assets: | | | | | | | | Restricted investments (1) | $ | 23,134 |
| | $ | 23,140 |
| | $ | 24,510 |
| | $ | 24,502 |
| Financial Liabilities: | | | | | | | | 2015 Agreement: New Term Loan A, due July 2020 (2) | 676,375 |
| | 676,375 |
| | — |
| | — |
| 2014 Agreement: Old Term Loan A, due June 2019 (2) | — |
| | — |
| | 500,000 |
| | 500,000 |
| 2014 Agreement: Term Loan B, due June 2021, net of $920 OID (2) | — |
| | — |
| | 396,080 |
| | 390,436 |
| Accounts receivable securitization (3) | 250,000 |
| | 250,000 |
| | 334,000 |
| | 334,000 |
| Revolving line of credit (4) | 200,000 |
| | 200,000 |
| | 57,000 |
| | 57,000 |
|
____________The carrying amounts of the final instruments shown in the table are included in the consolidated balance sheets, as follows: | | (1) | Restricted investments are included in "Restricted investments, held to maturity, amortized cost." |
| | (2) | The New Term Loan A, Old Term Loan A and Term Loan B are included in "Current portion of long-term debt" and "Long-term debt, less current portion." |
| | (3) | The accounts receivable securitization is included in "Current portion of accounts receivable securitization" as of September 30, 2015 and "Accounts receivable securitization, less current portion" as of December 31, 2014. |
| | (4) | The New Revolver (due July 2020) and Old Revolver (due June 2019) are included in "Revolving line of credit," as of September 30, 2015 and December 31, 2014. |
|
Fair Value Measurements, Nonrecurring |
The following table depicts the level in the fair value hierarchy of the inputs used to estimate fair value of assets measured on a nonrecurring basis (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | Fair Value Measurements at Reporting Date Using: | | | | Estimated Fair Value | | Level 1 Inputs | | Level 2 Inputs | | Level 3 Inputs | | Total Gains (Losses) | As of September 30, 2015 | | | | | | | | | | Note receivable | $ | — |
| | $ | — |
| | $ | — |
| | $ | — |
| | $ | (1,480 | ) | As of December 31, 2014 | | | | | | | | | | Other assets | — |
| | — |
| | — |
| | — |
| | (2,308 | ) |
|