Fair Value Measurement (Tables)

9 Months Ended

Sep. 30, 2014

Fair Values of Our Derivative Assets and Liabilities

The fair values of our derivative assets and liabilities are categorized as follows (in thousands):


	September 30, 2014								December 31, 2013
	Total		Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3
Derivative assets ¹	$	65	$	—	$	65	$	—	$	259	$	—	$	259	$	—

Derivative liabilities ¹	$	—	$	—	$	—	$	—	$	105	$	—	$	105	$	—

¹	Based on observable market transactions of spot and forward rates.

Carrying Amounts and Fair Values of Our Long-Term Debt Obligations

The carrying amounts and fair values of our long-term debt obligations are as follows (in thousands):


	September 30, 2014				December 31, 2013
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Long-term debt	$	250,000	$	260,000	$	250,000	$	250,000

- 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.

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- Definition

Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities.

+ References+ Details