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8. FAIR VALUE MEASUREMENTS (Tables)
6 Months Ended
Jun. 30, 2015
Fair Value Disclosures [Abstract]  
FAIR VALUE MEASUREMENTS

 

The table below summarizes the estimated fair value of our long-term debt as follows (in thousands):

 

   As of June 30, 2015 
   Level 1   Level 2   Level 3   Total Fair Value   Total Face Value 
First Lien Term Loans  $    –   $388,880   $    –   $388,880   $389,367 
2015 Incremental First       73,920        73,920    74,013 
Second Lien Term Loans       176,400   $    176,400    180,000 

 

   As of December 31, 2014 
   Level 1   Level 2   Level 3   Total   Total Face Value 
First Lien Term Loans  $    –   $394,753   $    –   $394,753   $399,750 
Second Lien Term Loans       178,200        178,200    180,000