Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2015

Fair Value Measurements

Schedule of estimated fair values of financial instruments

The carrying amounts and estimated fair values by input level of the Company’s financial instruments at September 30, 2015 and December 31, 2014 are as follows (in thousands):

	September 30, 2015
	Carrying Amount		Fair Value		Level 1		Level 2		Level 3
Financial assets:
Cash and cash equivalents	$	223,489	$	223,489	$	223,489	$	—	$	—
Financial liabilities:
Long-term debt
Senior secured credit facility	1,214,633		1,230,292		840,292		390,000		—
Senior unsecured notes	296,091		303,000		303,000		—		—
Other long-term obligations	146,992		145,644		—		145,644		—
Other Liabilities	13,245		13,245		—		—		13,245
	December 31, 2014
	Carrying Amount		Fair Value		Level 1		Level 2		Level 3
Financial assets:
Cash and cash equivalents	$	208,673	$	208,673	$	208,673	$	—	$	—
Financial liabilities:
Long-term debt
Senior secured credit facility	785,683		799,556		714,556		85,000		—
Senior unsecured notes	295,610		276,000		276,000		—		—
Other long-term obligations	135,000		135,000		—		135,000		—
Other Liabilities	19,189		19,189		—		—		19,189

Summary of the changes in fair value of Level 3 liabilities

The following table summarizes the changes in fair value of the Company’s Level 3 liabilities (in thousands):

	Nine Months Ended September 30, 2015
	Liabilities
	Contingent Purchase Price
Balance at January 1, 2015	$	19,189
Total (gains) (realized or unrealized):
Included in earnings	(5,944		)
Balance at September 30, 2015	$	13,245

Summary of significant unobservable inputs used in calculating fair value Level 3 liabilities

	Valuation	Unobservable
	Technique	Input	Rate
Contingent purchase price	Discounted cash flow	Discount rate	8.30	%