Fair Value Measurement Disclosures (Tables)

3 Months Ended

Mar. 31, 2013

Estimated Fair Values of Financial Instrument

The estimated fair values of our financial instruments are as follows (in millions):


		March 31, 2013		December 31, 2012
	Fair Value	Carrying		Carrying
Description	Hierarchy	Amount	Fair Value	Amount	Fair Value
12.5% senior secured notes due 2017	Level 2	$ 268.1	289.6	267.8	289.1
10 3/4% Series B cumulative exchangeable redeemable preferred stock	Level 3	92.3	55.4	92.3	46.2
Promissory note payable, included in other long-term debt	Level 3	5.8	4.4	5.8	4.4
Promissory note payable, included in other long-term debt	Level 3	5.3	5.3	5.3	5.2

Fair Value of Derivative Instruments

The following table represents required quantitative disclosures regarding fair values of our derivative instruments (in thousands).


		Fair value measurements at March 31, 2013

		Liabilities

	March 31, 2013	Quoted prices in	Significant
	carrying value and	active markets	other	Significant
	balance sheet	for identical	observable	unobservable
	location of derivative	instruments	inputs	inputs
Description	instruments	(Level 1)	(Level 2)	(Level 3)
Derivative designated as a cash flow hedging instrument:
Interest rate swap	$ 767	—	767	—


		Fair value measurements at December 31, 2012

		Liabilities

	December 31, 2012	Quoted prices in	Significant
	carrying value and	active markets	other	Significant
	balance sheet	for identical	observable	unobservable
	location of derivative	instruments	inputs	inputs
Description	instruments	(Level 1)	(Level 2)	(Level 3)
Derivative designated as a cash flow hedging instrument:
Interest rate swap	$ 816	—	816	—

Interest Rate Swaps

The interest rate swap fair value is derived from the present value of the difference in cash flows based on the forward-looking LIBOR yield curve rates, as compared to our fixed rate applied to the hedged amount through the term of the agreement, less adjustments for credit risk.


	Three-Months Ended March 31,
Interest rate swaps	2013	2012

Gain (loss) recognized in other comprehensive loss (effective portion)	$ 49	(85 )

- Definition

Tabular disclosure of liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). Where the quoted price in an active market for the identical liability is not available, the Level 1 input is the quoted price of an identical liability when traded as an asset.

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- Definition

Tabular disclosure of the location and amount of gains and losses reported in the statement of financial performance, or when applicable, the statement of financial position. For example, (a) gains and losses recognized in the income statement on derivative instruments designated and qualifying as hedging instruments in fair value hedges and related hedged items designated and qualifying in fair value hedges and (b) gains and losses initially recognized in other comprehensive income on derivative instruments designated and qualifying as cash flow hedges.

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