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FAIR VALUE MEASUREMENTS (Tables)
 9 Months Ended
Sep. 30, 2016
Fair Value Disclosures [Abstract]  
Fair Value, by Balance Sheet Grouping
The following table presents the carrying amount and estimated fair values of financial instruments held by the Company at September 30, 2016 and December 31, 2015, using market information and what the Company believes to be appropriate valuation methodologies under generally accepted accounting principles:
 
September 30, 2016
 
December 31, 2015
Asset (Liability) (a)
Carrying
Amount
 
Fair Value
 
Carrying
Amount
 
Fair Value
 
 
 
Level 1
 
Level 2
 
 
 
Level 1
 
Level 2
Cash and cash equivalents

$110,039

 

$110,039

 
—

 

$51,777

 

$51,777

 
—

Restricted cash (b)
1,095

 
1,095

 
—

 
23,525

 
23,525

 
—

Current maturities of long-term debt
(31,752
)
 
—

 
(32,403
)
 
—

 
—

 
—

Long-term debt (c)
(1,033,288
)
 
—

 
(1,049,210
)
 
(830,554
)
 
—

 
(830,203
)
Interest rate swaps (d)
(35,655
)
 
—

 
(35,655
)
 
(18,244
)
 
—

 
(18,244
)
Foreign currency exchange contracts (d)
973

 
—

 
973

 
(1,625
)
 
—

 
(1,625
)
Foreign currency option contracts (d)
1,920

 
—

 
1,920

 
3,964

 
—

 
3,964


 
 
 
 
 
(a)
The Company did not have Level 3 assets or liabilities at September 30, 2016.
(b)
Restricted cash is recorded in “Other Assets” and represents the proceeds from like-kind exchange sales deposited with a third-party intermediary and cash held in escrow for a real estate sale. See Note 17 — Restricted Deposits for additional information regarding restricted cash.
(c)
The carrying amount of long-term debt is presented net of capitalized debt costs on non-revolving debt. See Note 1 — Basis of Presentation for additional information.
(d)
See Note 12 — Derivative Financial Instruments and Hedging Activities for information regarding the Balance Sheet classification of the Company’s derivative financial instruments.