XML 48 R37.htm IDEA: XBRL DOCUMENT v3.7.0.1
FAIR VALUE MEASUREMENTS (Tables)
 6 Months Ended
Jun. 30, 2017
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 June 30, 2017 and December 31, 2016, using market information and what the Company believes to be appropriate valuation methodologies under GAAP:
 
June 30, 2017
 
December 31, 2016
Asset (Liability) (a)
Carrying
Amount
 
Fair Value
 
Carrying
Amount
 
Fair Value
 
 
 
Level 1
 
Level 2
 
 
 
Level 1
 
Level 2
Cash and cash equivalents

$136,559

 

$136,559

 
—

 

$85,909

 

$85,909

 
—

Restricted cash (b)
11,781

 
11,781

 
—

 
71,708

 
71,708

 
—

Current maturities of long-term debt
(31,525
)
 
—

 
(31,546
)
 
(31,676
)
 
—

 
(31,984
)
Long-term debt (c)
(1,033,621
)
 
—

 
(1,041,774
)
 
(1,030,205
)
 
—

 
(1,030,708
)
Interest rate swaps (d)
8,837

 
—

 
8,837

 
11,225

 
—

 
11,225

Foreign currency exchange contracts (d)
3,513

 
—

 
3,513

 
464

 
—

 
464

Foreign currency option contracts (d)
1,303

 
—

 
1,303

 
391

 
—

 
391


 
 
 
 
 
(a)
The Company did not have Level 3 assets or liabilities at June 30, 2017.
(b)
Restricted cash represent 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 16 — Restricted Cash for additional information.
(c)
The carrying amount of long-term debt is presented net of capitalized debt costs on non-revolving debt.
(d)
See Note 11 — Derivative Financial Instruments and Hedging Activities for information regarding the Balance Sheet classification of the Company’s derivative financial instruments.