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Fair Value Measurement (Tables)
 12 Months Ended
Dec. 31, 2018
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, 2018
 
December 31, 2017
(In Thousands)
Level 1
 
Level 2
 
Level 3
 
Level 1
 
Level 2
 
Level 3
Deferred Compensation Liability
$
—

 
$
(10,389
)
 
$
—

 
$
—

 
$
(12,927
)
 
$
—
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, 2018
 
December 31, 2017
(In Thousands)
Level 1
 
Level 2
 
Level 3
 
Level 1
 
Level 2
 
Level 3
Assets Held for Sale
$
—

 
$
6,589

 
$
—

 
$
—

 
$
10,118

 
$
—
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, 2018
 
December 31, 2017
(In Thousands)
Level 1
 
Level 2
 
Level 3
 
Level 1
 
Level 2
 
Level 3
PerfectHome Notes 1
$
—

 
$
—

 
$
—

 
$
—

 
$
—

 
$
20,385

Fixed-Rate Long Term Debt 2
—

 
(183,765
)
 
—

 
—

 
(273,476
)
 
—

1 The PerfectHome Notes were carried at cost, which approximated fair value. The Company recorded a full impairment of the PerfectHome notes during the year ended December 31, 2018. Refer to Note 1 to the consolidated financial statements for further discussion of the PerfectHome impairment.
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 $180.0 million and $265.0 million at December 31, 2018 and 2017, respectively.