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Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 2014
Fair Value Disclosures [Abstract]  
Schedule of Assets and Liabilities Measured at Fair Value

The following table presents the Company’s estimated fair value measurements and related classifications as of June 30, 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
June 30,
2014
 

Liabilities:

           

Derivative financial instruments (a)

   $ —         $ 1,625       $ —         $ 1,625   

Long-term obligations (b)

   $ —         $ 1,390,950       $ 272,910       $ 1,663,860   

 

(a) Reflected at fair value in the unaudited condensed consolidated balance sheet as other liabilities of $1,625.
(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 $1,622,439 as of June 30, 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.