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Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2015
Fair Value Disclosures [Abstract]  
Schedule of Fair Value Measurements
Our financial instruments consist primarily of cash and cash equivalents and interest rate cap derivatives designated as cash flow hedging instruments. Assets and liabilities measured at fair value on a recurring basis were as follows (in thousands):
 
 
As of December 31, 2015
 
As of December 31, 2014
 
 
Fair Value Measurements Using
 
 
 
Fair Value Measurements Using
 
 
 
 
Level 1
 
Level 2
 
Level 3
 
Total Balance
 
Level 1
 
Level 2
 
Level 3
 
Total Balance
Assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Money market funds(1)
 
$
4,587

 
$

 
$

 
$
4,587

 
$
44,554

 
$

 
$

 
$
44,554

Interest rate cap hedges(2)
 

 
963

 

 
963

 

 

 

 

Total Assets
 
$
4,587

 
$
963

 
$

 
$
5,550

 
$
44,554

 
$

 
$

 
$
44,554

(1) Included as cash and cash equivalents.
(2) Interest rate cap hedge premium included as other current assets and other assets.