Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2013

Fair value measurements

Schedule of difference between the carrying value and estimated fair value of the entity's long-term debt

The following table presents the difference between the carrying amount and estimated fair value of our long-term debt (in thousands):

	March 31, 2013				December 31, 2012
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Guitar Center
Senior secured term loan	$	620,750	$	617,646	$	621,762	$	600,000
Senior unsecured notes	394,890		428,219		394,890		418,579
Capital lease obligations	460		460		54		54
Total Guitar Center	1,016,100		1,046,325		1,016,706		1,018,633
Holdings
Senior unsecured PIK notes	564,673		622,461		564,673		596,965
Holdings consolidated	$	1,580,773	$	1,668,786	$	1,581,379	$	1,615,598