Fair Value Measurements (Tables)

3 Months Ended

Dec. 31, 2016

Schedule of fair value assets measured on a recurring and non-recurring basis

The following table presents the period-end balances of our assets measured at fair value on a recurring basis, and the impairment-date fair value of certain assets measured at fair value on a non-recurring basis, for each hierarchy level. These balances represent only those assets whose carrying values were adjusted to fair value during the periods presented:



(In thousands)	Level 1		Level 2		Level 3			Total
Three Months Ended December 31, 2016
Deferred compensation plan assets ^(a)	$	—	$	1,006	$	—		$	1,006
Three Months Ended December 31, 2015
Deferred compensation plan assets ^(a)	—		747		—			747
Land held for sale ^(b)	—		—		16,213		^(c)	16,213
As of September 30, 2016
Deferred compensation plan assets ^(a)	—		765		—			765

^(a)Measured at fair value on a recurring basis.

^(b)Measured at fair value on a non-recurring basis.

^(c) Amount represents the impairment-date fair value of certain land held for sale assets that were impaired during the three months ended December 31, 2015.

Schedule of carrying values and estimated fair values of other financial assets and liabilities

The following table presents the carrying value and estimated fair value of certain of our other financial liabilities as of December 31, 2016 and September 30, 2016:



	As of December 31, 2016				As of September 30, 2016
(In thousands)	Carrying Amount ^(a)		Fair Value		Carrying Amount ^(a)		Fair Value
Senior Notes ^(b)	$	1,208,173	$	1,282,912	$	1,207,526	$	1,253,614
Term Loan	53,080		53,080		52,669		52,669
Junior Subordinated Notes	60,387		60,387		59,870		59,870
	$	1,321,640	$	1,396,379	$	1,320,065	$	1,366,153

^(a)Carrying amounts are net of unamortized debt premium/discounts, debt issuance costs or accretion.

^(b) The estimated fair value for our publicly-held Senior Notes has been determined using quoted market rates (Level 2).

- Definition

Tabular disclosure of financial instruments measured at fair value, including those classified in shareholders' equity measured on a recurring or nonrecurring basis. Disclosures include, but are not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. Nonrecurring fair value measurements are those that are required or permitted in the statement of financial position in particular circumstances.

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