Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2017

Fair Value Disclosures [Abstract]

Schedule of Assets and Liabilities Measured at Fair Value on a Recurring Basis

The following table presents the Company’s estimated fair value measurements and related classifications for liabilities measured on a recurring basis as of September 30, 2017:

	Quoted Prices in
	Active Markets		Significant
	for Identical		Other		Significant
	Assets and		Observable		Unobservable		Balance at
	Liabilities		Inputs		Inputs		September 30,
	(Level 1)		(Level 2)		(Level 3)		2017
Liabilities:
Derivative financial instruments (a)	$	—	$	16,639	$	—	$	16,639
Long-term obligations (b)	$	—	$	1,550,972	$	—	$	1,550,972

(a) Reflected at fair value in the unaudited condensed consolidated balance sheet as other liabilities of $16,639.

(b) Reflected at carrying value, net of unamortized debt issuance costs and discounts, in the unaudited condensed consolidated balance sheet as current maturities of long-term debt of $23,707 and long-term debt of $1,508,334 as of September 30, 2017.

There were no transfers between Levels 1, 2 or 3 during the year ended December 31, 2016. The Company did not have any assets measured on a recurring basis at fair value as of December 31, 2016. The following table presents the Company’s estimated fair value measurements and related classifications for liabilities measured on a recurring basis as of December 31, 2016:

	Quoted Prices in
	Active Markets		Significant
	for Identical		Other		Significant
	Assets and		Observable		Unobservable		Balance at
	Liabilities		Inputs		Inputs		December 31,
	(Level 1)		(Level 2)		(Level 3)		2016
Liabilities:
Derivative financial instruments (a)	$	—	$	22,808	$	—	$	22,808
Long-term obligations (b)	$	—	$	1,598,001	$	—	$	1,598,001

(a) Reflected at fair value in the unaudited condensed consolidated balance sheet as other liabilities of $22,808.

(b) Reflected at carrying value, net of unamortized debt issuance costs and discounts, in the unaudited condensed consolidated balance sheet as current maturities of long-term debt of $51,713 and long-term debt of $1,531,069 as of December 31, 2016.