Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2015

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, 2015:


	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, 2015
Liabilities:
Derivative financial instruments ^(a)	$	—	$	8,384	$	—	$	8,384
Long-term obligations ^(b)	$	—	$	1,624,713	$	—	$	1,624,713

(a)	Reflected at fair value in the unaudited condensed consolidated balance sheet as other liabilities of $8,384.

(b)	Reflected at carrying value in the unaudited condensed consolidated balance sheet as current maturities on long-term debt of $16,850 and long-term debt of $1,584,365 as of June 30, 2015.

There were no transfers between Levels 1, 2 or 3 during the year ended December 31, 2014. The Company did not have any assets measured at fair value as of December 31, 2014. The following table presents the Company’s estimated fair value measurements and related classifications as of December 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 December 31, 2014
Liabilities:
Derivative financial instruments ^(a)	$	—	$	628	$	—	$	628
Long-term obligations ^(b)	$	—	$	1,352,438	$	263,197	$	1,615,635

(a)	Reflected at fair value in the unaudited condensed consolidated balance sheet as other liabilities of $628.

(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 $1,569,400 as of December 31, 2014.