Fair Value (Tables)

3 Months Ended

Mar. 31, 2016

Fair Value Disclosures [Abstract]

Fair Value Measurements, Recurring and Nonrecurring

As of March 31, 2016, interest rate swap agreements are carried at their fair value and measured on a recurring basis as follows (in thousands):

	Fair Value Measurements Using
	Level 1		Level 2		Level 3
Interest rate swaps, Current (a)	$	—	$	2,388	$	—
Interest rate swaps, Long-term (a)	$	—	$	1,011	$	—

As of December 31, 2015, interest rate swap agreements are carried at their fair value and measured on a recurring basis as follows (in thousands):

	Fair Value Measurements Using
	Level 1		Level 2		Level 3
Interest rate swaps, Current (a)	$	—	$	2,375	$	—
Interest rate swaps, Long-term (a)	$	—	$	1,232	$	—

(a) The fair value is determined using valuation models which rely on the expected LIBOR based yield curve and estimates of counterparty and the Company’s non-performance risk.  Because each of these inputs are directly observable or can be corroborated by observable market data, the Company has categorized these interest rate swaps as Level 2 within the fair value hierarchy.

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis

The estimated fair values of the Company's long-term debt as of March 31, 2016 and December 31, 2015 are as follows (in thousands):

	March 31, 2016				December 31, 2015
	Carrying Amount		Fair Value (a)		Carrying Amount		Fair Value (a)
Term Loan, due 2019 (b)	$	610,462	$	614,592	$	611,262	$	616,954
Notes, 8.75%, due 2019	300,000		285,000		300,000		295,500
Total	$	910,462	$	899,592	$	911,262	$	912,454

(a) The Company estimated fair value based on market prices of the Company's debt securities at the balance sheet dates, which falls within Level 2 of the fair value hierarchy.

(b) The carrying amount of the Term Loan is net of the unamortized discount of $10.3 million and $11.1 million as of March 31, 2016 and December 31, 2015, respectively.