Fair Value Measurements (Tables)
 3 Months Ended
Mar. 31, 2015
Fair Value, Inputs, Level 1  
Fair Value, Liabilities Measured on Recurring and Nonrecurring Basis
The following tables present certain information for our financial liabilities that is disclosed at fair value on a recurring basis at March 31, 2015 and December 31, 2014:
 
 
Level 1

Level 1
 
March 31, 2015

December 31, 2014
 
Carrying
Amount

Fair Value

Carrying
Amount

Fair Value
Liabilities:
 


 


 


 

6.75% Notes due 2020
$
741,722


$
773,588


$
742,017


$
751,538
Fair Value, Inputs, Level 3  
Fair Value, Liabilities Measured on Recurring and Nonrecurring Basis
The following table presents changes in Deferred Acquisition Consideration:
 
 
Fair Value
Measurements Using
Significant
Unobservable Inputs
(Level 3)
 
March 31,

December 31,
 
2015

2014
Beginning Balance of contingent payments
$
172,227


$
151,848

Payments
(2,033
)

(61,441
)
Grants (1)
2,944


68,642

Redemption value adjustments (2)
3,723


20,816

Transfers to (from) fixed payments
—


(5,146
)
Foreign translation adjustment
(3,055
)

(2,492
)
Ending Balance of contingent payments
$
173,806


$
172,227

 
(1) Grants are the initial estimated deferred acquisition payments of new acquisitions completed within that fiscal
period.

(2) 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.