Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2016

Schedule of estimated fair value of financial instruments

The estimated fair values of the Company’s financial instruments are as follows (amounts in thousands):

	December 31, 2016				December 31, 2015
	Carrying		Fair		Carrying		Fair
	Amount		Value		Amount		Value
Financial assets:
Cash and cash equivalents	$	61,029	$	61,029	$	78,278	$	78,278
Restricted cash		2,414		2,414		5,271		5,271
Financial liabilities:
Senior Notes	$	366,859	$	397,500	$	366,043	$	367,500
Term Loan		406,047		423,858		408,410		419,796
Credit Facility		26,977		29,000		90,967		93,500
Acquisition-related contingent considerations		496		496		529		529

Schedule of change in acquisition-related contingent consideration liability

The following table represents the change in acquisition‑related contingent consideration liabilities during the period from the MTR Merger Date to December 31, 2016 (amounts in thousands):

Balance as of MTR Merger Date	$		508
Amortization of present value discount (1)			38
Fair value adjustment for change in consideration expected to be paid (2)			(22	)
Settlements		—
Balance as of December 31, 2014			524
Amortization of present value discount (1)			52
Fair value adjustment for change in consideration expected to be paid (2)			38
Settlements			(85	)
Balance as of December 31, 2015			529
Amortization of present value discount (1)			70
Fair value adjustment for change in consideration expected to be paid (2)			(13	)
Settlements			(90	)
Balance as of December 31, 2016	$		496

(1)	Changes in present value are included as a component of interest expense in the consolidated statements of operations.

(2)	Fair value adjustments for changes in earn-out estimates are recorded as a component of general and administrative expense in the consolidated statements of operations.