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Fair Value Measurements (Tables)
 3 Months Ended
Mar. 31, 2018
Fair Value Disclosures [Abstract]  
Fair Value of Financial Liability Measured on a Non-recurring Basis
The following table presents certain information for our financial liability that is measured at fair value on a non-recurring basis at March 31, 2018 and December 31, 2017:
 
March 31, 2018

December 31, 2017
 
Carrying
Amount

Fair Value

Carrying
Amount

Fair Value
Liabilities:
 


 


 


 

6.50% Senior Notes due 2024
$
900,000

 
$
882,000

 
$
900,000

 
$
904,500
Fair Value of Financial Liabilities Measured on Recurring Basis
The following table presents changes in deferred acquisition consideration, which is measured at fair value on a recurring basis, at March 31, 2018 and December 31, 2017:
 
Fair Value Measurements Using Significant Unobservable Inputs
(Level 3)
 
March 31,

December 31,
 
2018

2017
Beginning balance of contingent payments
$
119,086


$
224,754

Payments (1)
(11,869
)

(110,234
)
Additions (2)
9,723


—

Redemption value adjustments (3)
4,948


3,273

Foreign translation adjustment
(28
)

1,293

Ending balance of contingent payments
$
121,860


$
119,086


(1)
For the year ended December 31, 2017, payments include $28,727 of deferred acquisition consideration settled through the issuance of 3,353,939 MDC Class A subordinate voting shares, respectively, 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. See Note 5.
(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.