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Fair Value Measurement (Tables)
 12 Months Ended
Dec. 31, 2015
Fair Value Disclosures [Abstract]  
Summary of Financial Assets and Liabilities Measured at Fair Value on Recurring Basis
The following table summarizes financial liabilities measured at fair value on a recurring basis:
 
December 31, 2015
 
December 31, 2014
(In Thousands)
Level 1
 
Level 2
 
Level 3
 
Level 1
 
Level 2
 
Level 3
Deferred Compensation Liability
$
—

 
$
(11,576
)
 
$
—

 
$
—

 
$
(12,677
)
 
$
—
Assets Measured at Fair Value on Nonrecurring Basis
The following table summarizes non-financial assets measured at fair value on a nonrecurring basis:
 
December 31, 2015
 
December 31, 2014
(In Thousands)
Level 1
 
Level 2
 
Level 3
 
Level 1
 
Level 2
 
Level 3
Assets Held for Sale
$
—

 
$
6,976

 
$
—

 
$
—

 
$
6,356

 
$
—
Fair Value of Assets (Liabilities) Not Measured at Fair Value In Consolidated Balance Sheets
The following table summarizes the fair value of assets (liabilities) that are not measured at fair value in the consolidated balance sheets, but for which the fair value is disclosed:
 
December 31, 2015
 
December 31, 2014
(In Thousands)
Level 1
 
Level 2
 
Level 3
 
Level 1
 
Level 2
 
Level 3
Perfect Home Notes 1
$
—

 
$
—

 
$
22,226

 
$
—

 
$
—

 
$
21,311

Fixed-Rate Long Term Debt 2
—

 
(395,618
)
 
—

 
—

 
(429,049
)
 
—

1 The Perfect Home notes were initially measured at cost. The Company periodically reviews the carrying amount utilizing company-specific transactions or changes in Perfect Home's financial performance to determine if fair value adjustments are necessary.
2 The fair value of fixed-rate long term debt is estimated using the present value of underlying cash flows discounted at a current market yield for similar instruments. The carrying amount of fixed-rate long term debt was $375.0 million and $400.0 million at December 31, 2015 and December 31, 2014, respectively.