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Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2014
Fair Value Disclosures [Abstract]  
Schedule of Asset and Liabilities Measured at Fair Value

The following table presents the Company’s estimated fair value measurements and related classifications as of March 31, 2014:

 

     Quoted Prices in
Active Markets
for Identical
Assets and
Liabilities
(Level 1)
     Significant
Other
Observable
Inputs
(Level 2)
     Significant
Unobservable
Inputs
(Level 3)
     Balance at
March 31,
2014
 

Liabilities:

           

Derivative financial instruments (a)

   $ —         $ 238       $ —         $ 238   

Long-term obligations (b)

   $ —         $ 1,394,462       $ 260,644       $ 1,655,106   

 

(a) Reflected at fair value in the unaudited condensed consolidated balance sheet as other liabilities of $238.
(b) Reflected at carrying value in the unaudited condensed consolidated balance sheet as current maturities on long-term debt of $14,050 and long-term debt of $1,624,798 as of March 31, 2014.

There were no transfers between Levels 1, 2 or 3 during the year ended December 31, 2013. The following table presents the Company’s estimated fair value measurements and related classifications as of December 31, 2013:

 

     Quoted Prices in
Active Markets
for Identical
Assets and
Liabilities
(Level 1)
     Significant
Other
Observable
Inputs
(Level 2)
     Significant
Unobservable
Inputs
(Level 3)
     Balance at
December 31,
2013
 

Assets:

           

Derivative financial instruments (a)

   $ —         $ 71       $ —         $ 71   

Liabilities:

           

Long-term obligations (b)

   $ —         $ 1,397,975       $ 264,781       $ 1,662,756   

 

(a) Reflected at fair value in the unaudited condensed consolidated balance sheet as other assets of $71.
(b) Reflected at carrying value in the unaudited condensed consolidated balance sheet as current maturities on long-term debt of $14,050 and long-term debt of $1,627,183 as of December 31, 2013.