Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2016

Fair Value, Inputs, Level 1

Fair Value, Liabilities Measured on Recurring and Nonrecurring Basis

The following tables present certain information for the financial liabilities that are disclosed at fair value on a recurring basis at June 30, 2016 and December 31, 2015:

	Level 1				Level 1
	June 30, 2016				December 31, 2015
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Liabilities:
6.50% Senior Notes due 2024	$	900,000	$	895,500	$	—	$	—
6.75% Senior Notes due 2020	—		—		740,838		765,319

Fair Value, Inputs, Level 3

Fair Value, Liabilities Measured on Recurring and Nonrecurring Basis

The following table presents changes in deferred acquisition consideration:

	Fair Value Measurements Using Significant Unobservable Inputs (Level 3)
	June 30,			December 31,
	2016			2015
Beginning Balance of contingent payments	$	306,734		$	172,227
Payments (1)	(81,702		)	(77,301		)
Additions (2)	514			174,530
Redemption value adjustments (3)	8,880			41,636
Other (4)	(6,412		)	—
Foreign translation adjustment	1,813			(4,358		)
Ending Balance of contingent payments	$	229,827		$	306,734

(1) For the six months ended June 30, 2016, payments include $5,585 of deferred acquisition consideration settled through the issuance of 237,013 MDC Class A subordinate voting shares in lieu of cash.

(2) Additions are the initial estimated deferred acquisition payments of new acquisitions and step-up transactions completed within that fiscal period.

(3) Redemption value adjustments are fair value changes from the Company’s initial estimates of deferred acquisition payments, including the accretion of present value and stock-based compensation charges relating to acquisition payments that are tied to continued employment.