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Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2017

Fair Value Disclosures [Abstract]

Fair Value, Assets Measured on Recurring Basis

Balances Measured at Fair Value

The following tables show the fair values of certain of our financial instruments:

	September 30, 2017
(In thousands)	Balance				Level 1				Level 2				Level 3
Assets
Cash and cash equivalents	$	158,832			$	158,832			$	—			$	—
Restricted cash	26,705				26,705				—				—
Investment available for sale	17,823				—				—				17,823
Liabilities
Contingent payments	$	3,019			$	—			$	—			$	3,019

	December 31, 2016
(In thousands)	Balance				Level 1				Level 2				Level 3
Assets
Cash and cash equivalents	$	193,862			$	193,862			$	—			$	—
Restricted cash	16,488				16,488				—				—
Investment available for sale	17,259				—				—				17,259
Liabilities
Contingent payments	$	3,038			$	—			$	—			$	3,038

Fair Value, Assets and Liabilities Measured on Recurring Basis

The following tables summarize the changes in fair value of the Company's Level 3 assets and liabilities:

	Three Months Ended
	September 30, 2017								September 30, 2016
	Assets				Liability				Assets				Liability
(In thousands)	Investment Available for Sale				Contingent Payments				Investment Available for Sale				Contingent Payments
Balance at beginning of reporting period	$	17,456			$	(3,204	)		$	17,832			$	(3,488	)
Total gains (losses) (realized or unrealized):
Included in interest income (expense)	34				(69		)		30				(147		)
Included in other comprehensive income (loss)	333				—				417				—
Included in other items, net	—				64				—				—
Purchases, sales, issuances and settlements:
Settlements	—				190				—				200
Balance at end of reporting period	$	17,823			$	(3,019	)		$	18,279			$	(3,435	)

	Nine Months Ended
	September 30, 2017								September 30, 2016
	Assets				Liability				Assets				Liability
(In thousands)	Investment Available for Sale				Contingent Payments				Investment Available for Sale				Contingent Payments
Balance at beginning of reporting period	$	17,259			$	(3,038	)		$	17,839			$	(3,632	)
Total gains (losses) (realized or unrealized):
Included in interest income (expense)	103				(270		)		96				(452		)
Included in other comprehensive income	901				—				754				—
Included in other items, net	—				(334		)		—				—
Purchases, sales, issuances and settlements:
Settlements	(440		)		623				(410		)		649
Balance at end of reporting period	$	17,823			$	(3,019	)		$	18,279			$	(3,435	)

Fair Value, Liabilities Measured on Recurring and Nonrecurring Basis

Balances Disclosed at Fair Value

The following tables provide the fair value measurement information about our obligation under minimum assessment agreements and other financial instruments:

	September 30, 2017
(In thousands)	Outstanding Face Amount				Carrying Value				Estimated Fair Value				Fair Value Hierarchy
Liabilities
Obligation under assessment arrangements	$	32,112			$	25,815			$	26,911			Level 3

	December 31, 2016
(In thousands)	Outstanding Face Amount				Carrying Value				Estimated Fair Value				Fair Value Hierarchy
Liabilities
Obligation under assessment arrangements	$	33,456			$	26,660			$	27,054			Level 3
Other financial instruments	100				97				97				Level 3

The following tables provide the fair value measurement information about our long-term debt:

	September 30, 2017
(In thousands)	Outstanding Face Amount				Carrying Value				Estimated Fair Value				Fair Value Hierarchy
Credit Facility	$	1,617,628			$	1,590,159			$	1,621,985			Level 2
6.875% senior notes due 2023	750,000				738,799				803,438				Level 1
6.375% senior notes due 2026	750,000				740,106				815,625				Level 1
Other	503				503				503				Level 3
Total debt	$	3,118,131			$	3,069,567			$	3,241,551

	December 31, 2016
(In thousands)	Outstanding Face Amount				Carrying Value				Estimated Fair Value				Fair Value Hierarchy
Credit Facility	$	1,782,538			$	1,752,147			$	1,791,853			Level 2
6.875% senior notes due 2023	750,000				738,791				806,250				Level 1
6.375% senior notes due 2026	750,000				737,926				804,375				Level 1
Other	591				591				591				Level 3
Total debt	$	3,283,129			$	3,229,455			$	3,403,069

X

- Definition

Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19190-110258

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258

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- Definition

Tabular disclosure of liabilities measured at fair value measured on a recurring or nonrecurring basis. Includes, but is 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.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19190-110258

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- Definition

Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19190-110258

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