XML 20 R9.htm IDEA: XBRL DOCUMENT v3.7.0.1
FAIR VALUE Fair Value (Notes)
6 Months Ended
Jun. 30, 2017
Fair Value Disclosures [Abstract]  
Fair Value Disclosures [Text Block]
FAIR VALUE MEASURES
The Company did not have any assets or liabilities measured at fair value on a recurring basis at June 30, 2017 or December 31, 2016. The carrying amount of cash and cash equivalents, accounts receivable and accounts payable approximates fair value due to their short-term maturities. Based on the estimated borrowing rates currently available to the Company and its subsidiaries for loans with similar terms and average maturities, the aggregate fair value of the Company’s consolidated debt obligations was $1.14 billion and $1.14 billion at June 30, 2017 and December 31, 2016, respectively. The fair value of the Company’s consolidated debt obligations is a Level 2 valuation based on the observable inputs used for similar liabilities. The Company did not have any Level 3 instruments measured at fair value at June 30, 2017 or December 31, 2016, and there were no transfers between hierarchy levels.