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Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2013
Fair Value Measurements  
Fair value measurements of financial assets and liabilities

The financial assets and liabilities carried at fair value on a recurring basis at March 31, 2013 follow (in thousands):

 

Financial Instrument

 

Fair Value

 

Level 2

 

Level 3

 

Currency swap asset(1)

 

$

2,490

 

$

2,490

 

$

 

Interest-rate swap liabilities (1)

 

(12,421

)

(12,421

)

 

Warrants(1)

 

775

 

 

775

 

 

 

$

(9,156

)

$

(9,931

)

$

775

 

 

(1)          Interest rate and currency swaps as well as common stock warrant fair values are determined based on observable and unobservable market assumptions utilizing standardized derivative pricing models.