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Fair Value Measurements (Tables)
9 Months Ended
Sep. 30, 2017
Fair Value Disclosures [Abstract]  
Assets and Liabilities Measured at Fair Value

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Current derivative asset

 

$

 

 

$

4,153

 

 

$

 

 

$

4,153

 

Long-term derivative asset (1)

 

 

 

 

 

16

 

 

 

 

 

 

16

 

Total derivative instruments

 

$

 

 

$

4,169

 

 

$

 

 

$

4,169

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Current derivative liability (2)

 

$

 

 

$

22

 

 

$

 

 

$

22

 

Long-term derivative liability (3)

 

 

 

 

 

15

 

 

 

 

 

 

15

 

Total derivative instruments

 

$

 

 

$

37

 

 

$

 

 

$

37

 

 

 

(1)

Included in other assets in the Consolidated Balance Sheet

 

(2)

Included in accrued liabilities in the Consolidated Balance Sheet

 

(3)

Included in other long-term obligations in the Consolidated Balance Sheet

Carrying Values and Estimated Fair Values of Financial Instruments

 

 

 

September 30, 2017

 

 

December 31, 2016 (1)

 

 

 

Carrying

 

 

Estimated

 

 

Carrying

 

 

Estimated

 

 

 

Amount

 

 

Fair Value

 

 

Amount

 

 

Fair Value

 

Term loan, secured due April 2024

 

$

975,000

 

 

$

975,000

 

 

$

 

 

$

 

6.875% Notes, unsecured, due April 2022, issued 2017

 

 

700,000

 

 

 

713,790

 

 

 

 

 

 

 

7.125% Notes, unsecured, due April 2025, issued 2017

 

 

500,000

 

 

 

505,000

 

 

 

 

 

 

 

Credit Facility, secured due January 2022

 

 

20,000

 

 

 

20,000

 

 

 

 

 

 

 

7.31% Notes due March 2016, issued 2009

 

 

 

 

 

 

 

 

62,000

 

 

 

64,266

 

4.98% Notes due January 2017, issued 2010

 

 

 

 

 

 

 

 

116,000

 

 

 

123,967

 

5.92% Notes due March 2018, issued 2008

 

 

 

 

 

 

 

 

200,000

 

 

 

224,025

 

5.75% Notes due December 2018, issued 2013

 

 

 

 

 

 

 

 

450,000

 

 

 

465,630

 

7.77% Notes due March 2019, issued 2009

 

 

 

 

 

 

 

 

173,000

 

 

 

204,854

 

5.50% Notes due January 2020, issued 2010

 

 

 

 

 

 

 

 

207,000

 

 

 

233,932

 

4.51% Notes due October 2020, issued 2010

 

 

 

 

 

 

 

 

315,000

 

 

 

337,528

 

5.60% Notes due January 2022, issued 2010

 

 

 

 

 

 

 

 

87,000

 

 

 

99,983

 

4.66% Notes due October 2022, issued 2010

 

 

 

 

 

 

 

 

35,000

 

 

 

38,225

 

6.125% Notes due October 2024, issued 2014

 

 

 

 

 

 

 

 

850,000

 

 

 

893,325

 

5.85% Notes due January 2025, issued 2010

 

 

 

 

 

 

 

 

90,000

 

 

 

106,299

 

4.91% Notes due October 2025, issued 2010

 

 

 

 

 

 

 

 

175,000

 

 

 

193,665

 

Credit Facility due October 2016

 

 

 

 

 

 

 

 

999,000

 

 

 

999,000

 

 

 

$

2,195,000

 

 

$

2,213,790

 

 

$

3,759,000

 

 

$

3,984,699

 

 

(1)

At December 31, 2016, the debt included in the table above is a component of liabilities subject to compromise in our Consolidated Balance Sheets. See Note 1.