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Financial Instruments
3 Months Ended
Mar. 31, 2014
Financial Instruments  
Financial Instruments

Note 6.                   Financial Instruments

 

At March 31, 2014 and December 31, 2013, the fair values of cash and cash equivalents, accounts receivable and accounts payable approximated carrying value because of the short-term nature of these instruments. The fair value of our other financial instruments subject to fair value disclosures are as follows:

 

 

 

 

March 31, 2014

 

December 31, 2013

 

 

 

Carrying

 

Fair

 

Carrying

 

Fair

 

 

 

Amount

 

Value

 

Amount

 

Value

 

Long-term debt:

 

 

 

 

 

 

 

 

 

10.75% senior notes

 

$

200,000

 

$

   222,500

 

$

   200,000

 

$

   223,500

 

Senior secured Term Loan A

 

155,326

 

155,326

 

157,513

 

157,513

 

Senior secured Revolving Facility

 

 

 

 

 

Notes payable and other

 

2,327

 

2,263

 

2,284

 

2,200

 

 

We estimated the fair value of the debt instruments using market quotes and calculations based on current market rates available to us (Level 2).