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Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2018
Fair Value Measurements  
Schedule of fair value of assets and liabilities measured on a recurring basis

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fair Value at March 31, 2018

 

Fair Value at December 31, 2017

(in thousands)

    

Level 1

    

Level 2

    

Level 3

    

Total

    

Level 1

    

Level 2

    

Level 3

    

Total

Contingent Consideration

 

$

 —

 

$

 —

 

$

133

 

$

133

 

$

 —

 

$

 —

 

$

133

 

$

133

 

Schedule of reconciliation of the beginning and ending balance for the Level 3 measurement

 

 

 

 

(in thousands)

    

    

 

Balance at December 31, 2017

 

$

133

Addition/payment

 

 

 —

Balance at March 31, 2018

 

$

133

 

Schedule of fair value of debt instruments

 

 

March 31, 2018

 

December 31, 2017

 

    

Carrying

    

Fair

    

Carrying

    

Fair

(in thousands)

 

Value

 

Value

 

Value

 

Value

Original Notes - 7.625% (1)

 

$

422,085

 

$

428,188

 

$

421,772

 

$

426,063

Add-on Notes - 7.625% (2)

 

 

223,967

 

 

221,650

 

 

224,338

 

 

220,550


(1)

The carrying value of the Original Notes - 7.625% is net of unamortized deferred financing costs of $2.9 and $3.2 million as of March 31, 2018 and December 31, 2017, respectively.

The carrying value of the Add-on Notes - 7.625% is net of unamortized deferred financing costs of $1.2 and $1.3 million as of March 31, 2018 and December 31, 2017, respectively, and includes unamortized bond premium of $5.2 and $5.7 million as of March 31, 2018 and December 31, 2017, respectively.