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Fair Value Measurements (Tables)
 12 Months Ended
Dec. 31, 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 December 31, 2016 and 2015, using market information and what the Company believes to be appropriate valuation methodologies under generally accepted accounting principles:
 
December 31, 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

$85,909

 

$85,909

 
—

 

$51,777

 

$51,777

 
—

Restricted cash (b)
71,708

 
71,708

 
—

 
23,525

 
23,525

 
—

Current maturities of long-term debt
(31,676
)
 
—

 
(31,984
)
 
—

 
—

 
—

Long-term debt (c)
(1,030,205
)
 
—

 
(1,030,708
)
 
(830,554
)
 
—

 
(830,203
)
Interest rate swaps (d)
11,225

 
—

 
11,225

 
(18,244
)
 
—

 
(18,244
)
Foreign currency exchange contracts (d)
464

 
—

 
464

 
(1,625
)
 
—

 
(1,625
)
Foreign currency option contracts (d)
391

 
—

 
391

 
3,964

 
—

 
3,964

 
 
 
 
 

(a)
The Company did not have Level 3 assets or liabilities at December 31, 2016 and 2015.
(b)
Restricted cash represents the proceeds from like-kind exchange sales deposited with a third-party intermediary and cash held in escrow for a real estate sale.
(c)
The carrying amount of long-term debt is presented net of capitalized debt costs on non-revolving debt. See Note 2 — Summary of Significant Accounting Policies for additional information.
(d)
See Note 13 — Derivative Financial Instruments and Hedging Activities for information regarding the Balance Sheet classification of the Company’s derivative financial instruments.