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Fair Value Measurements
3 Months Ended
Mar. 31, 2015
Fair Value Disclosures [Abstract]  
Fair Value Measurements

8. Fair Value Measurements

The Company did not have any assets measured at fair value on a recurring basis as of March 31, 2015 other than cash and cash equivalents, restricted cash, accounts receivable, other receivables, accounts payable, and other accounts payable, fair value of which approximate carrying values due to the short-term nature of these instruments. The fair value of assets and liabilities whose carrying value approximates fair value is determined using Level 2 inputs, with the exception of cash (Level 1).

As of March 31, 2015, the total carrying value and estimated fair value of the Company’s 6.625% Senior Notes due 2021 (the “2021 Notes”), which are not measured at fair value on a recurring basis, were $224,065 thousand and $157,500 thousand, respectively. The decrease in the fair value of the 2021 Notes was related to the deterioration of the Company’s credit rating in the first quarter of 2015. The estimated fair value is based on Level 2 inputs.