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FAIR VALUE MEASUREMENTS (Tables)
 3 Months Ended
Mar. 31, 2014
Fair Value Disclosures [Abstract]  
Fair Value, Assets Measured on Recurring Basis
The following table presents the carrying amount, estimated fair values and categorization under the fair value hierarchy of financial instruments held by the Company at March 31, 2014 and December 31, 2013, using market information and what management believes to be appropriate valuation methodologies under generally accepted accounting principles:
 
March 31, 2014
 
December 31, 2013
Asset (liability)
Carrying
Amount
 
Fair Value
 
Carrying
Amount
 
Fair Value
 
 
 
Level 1
 
Level 2
 
 
 
Level 1
 
Level 2
Cash and cash equivalents
$
156,071

 
$
156,071

 
$
—

 
$
199,644

 
$
199,644

 
$
—

Restricted cash (a)
23,633

 
23,633

 
—

 
68,944

 
68,944

 
—

Current maturities of long-term debt
(114,319
)
 
—

 
(122,187
)
 
(112,500
)
 
—

 
(119,614
)
Long-term debt
(1,393,887
)
 
—

 
(1,451,984
)
 
(1,461,724
)
 
—

 
(1,489,810
)
Interest rate swaps (b)
(5,145
)
 
—

 
(5,145
)
 
(4,659
)
 
—

 
(4,659
)
Foreign currency exchange contracts (b)
2,532

 
—

 
2,532

 
940

 
—

 
940

Foreign currency option contracts (b)
1,243

 
—

 
1,243

 
467

 
—

 
467

Fuel contracts (b)
(159
)
 
—

 
(159
)
 
160

 
—

 
160


(a)
Restricted cash is recorded in “Other Assets” and represents the proceeds from LKE sales deposited with a third-party intermediary.
(b)
See Note 9 — Derivative Financial Instruments and Hedging Activities for information regarding the Balance Sheet classification of the Company’s derivative financial instruments.