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Fair Value of Financial Instruments (Tables)
6 Months Ended
Jun. 30, 2014
Fair Value of Financial Instruments  
Schedule of assets and liabilities measured at fair value on a recurring basis

 

 

 
  June 30, 2014  
 
  Fair Value
Measurements Using
   
 
 
  Total
Fair Value
 
(in thousands)
  Level 1   Level 2   Level 3  

Liabilities:

                         

Interest rate swaps

  $   $ 1,019   $   $ 1,019  


 

 
  December 31, 2013  
 
  Fair Value
Measurements Using
   
 
 
  Total
Fair Value
 
(in thousands)
  Level 1   Level 2   Level 3  

Assets:

                         

Interest rate cap

  $   $ 1   $   $ 1  

Liabilities:

                         

Interest rate swaps

  $   $ 3,080   $   $ 3,080  
Schedule of carrying amounts and fair values of long-term debt (excluding capital obligations and equipment financing agreement)

The carrying amounts and fair values of the Company's long-term debt (excluding capital obligations, equipment financing agreements and a discount on the Revolver of $7,437 as of June 30, 2014) are presented below (in thousands):

 
  June 30, 2014   December 31, 2013  
 
  Carrying
Amount
  Fair Value   Carrying
Amount
  Fair Value  

2011 term loan A(1)

  $   $   $ 401,052   $ 403,517  

2011 term loan B(2)

  $ 964,684   $ 912,152   $ 968,581   $ 959,838  

9.875% senior notes(3)

  $ 462,200   $ 287,138   $ 496,831   $ 431,250  

8.50% senior notes

  $ 450,000   $ 255,375   $ 450,000   $ 374,625  

9.50% senior secured notes(4)

  $ 447,656   $ 455,625   $ 447,492   $ 474,750  

9.50% add-on senior secured notes(5)

  $ 202,828   $ 202,500   $   $  

11.0%/12.0% senior secured PIK toggle notes

  $ 350,000   $ 288,750   $   $  

(1)
Net of debt discount of $5,514 as of December 31, 2013.

(2)
Net of debt discount of $13,494 and $9,597 as of June 30, 2014 and December 31, 2013, respectively.

(3)
Net of debt discount of $2,800 and $3,169 as of June 30, 2014 and December 31, 2013, respectively.

(4)
Net of debt discount of $2,344 and $2,508 as of June 30, 2014 and December 31, 2013, respectively.

(5)
Includes a premium of $2,828 as of June 30, 2014.