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FAIR VALUE (Tables)
6 Months Ended
Jun. 30, 2016
Fair Value Disclosures [Abstract]  
Fair Value Measurements, Recurring and Nonrecurring
The following fair values are estimated using market information and what the Company believes to be appropriate valuation methodologies under GAAP are as follows:
 
 
June 30, 2016
 
December 31, 2015
(in thousands)
 
Carrying amount
 
Fair value
 
Carrying amount
 
Fair value
 
 
 
 
Level 1
 
Level 2
 
 
 
Level 1
 
Level 2
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
 
$
120,486

 
$
120,486

 
$

 
$
179,327

 
$
179,327

 
$

Restricted cash
 
4,781

 
4,781

 

 
4,801

 
4,801

 

Long-term debt
 
482,626

 

 
412,645

 
536,598

 

 
469,523