Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2016

Schedule of Fair Value of Long-Term Debt

The following table presents the fair value of our long-term debt (in thousands):

		December 31,
	Hierarchy	2016		2015
11.00% 1.5 Lien Term Loan, due November 2019	Level 2	$	75,000	$	—
9.00 % Second Lien Term Loan, due May 2020	Level 2		255,000		217,500
9.00%/10.75% Second Lien PIK Toggle Notes, due May 2020	Level 2		122,255		—
8.50%/10.00% Third Lien PIK Toggle Notes due June 2021	Level 2		80,243		—
8.50% Unsecured Senior Notes, due June 2019	Level 2		123,389		324,000

- Definition

Tabular disclosure of financial instruments measured at fair value, including those classified in shareholders' equity measured on a recurring or nonrecurring basis. Disclosures include, but are 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. Nonrecurring fair value measurements are those that are required or permitted in the statement of financial position in particular circumstances.

+ References + Details