2.2.0.7 false Fair Value of Financial Instruments 0212 - Disclosure - Fair Value of Financial Instruments true false false false 1 USD false false USD Standard http://www.xbrl.org/2003/iso4217 USD iso4217 0 EPU Divide http://www.xbrl.org/2003/iso4217 USD iso4217 http://www.xbrl.org/2003/instance shares xbrli 0 Units Standard http://www.xbrl.org/2003/instance shares xbrli 0 $ 2 Fair Value Of Financial Instruments [Abstract] 0 cpno_FairValueOfFinancialInstrumentsAbstract cpno false na duration No definition available. false false false false false true false false false false false false 1 false false false false 0 0 false false false xbrli:stringItemType string No definition available. false 3 Fair Value of Financial Instruments 1 us-gaap_FairValueDisclosuresTextBlock us-gaap true na duration No definition available. false false false false false false false false false false false verboselabel false 1 false false false false 0 0 Note 12 — Fair Value of Financial Instruments Amounts reflected in our consolidated balance sheets as of September 30, 2010 for cash and cash equivalents approximate fair value. The fair value of our Credit Facility has been estimated based on similar debt transactions that occurred during the nine months ended September 30, 2010. Estimates of the fair value of our Senior Notes are based on market information as of September 30, 2010. A summary of the fair value and carrying value of the financial instruments is shown in the table below.<div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 17px"><td style="width: 48px; text-align:left;border-color:#000000;min-width:48px;"> </td><td style="width: 240px; text-align:left;border-color:#000000;min-width:240px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td colspan="5" style="width: 170px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:170px;">September 30, 2010</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td colspan="5" style="width: 170px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:170px;">September 30, 2009</td><td style="width: 24px; text-align:left;border-color:#000000;min-width:24px;"> </td></tr><tr style="height: 34px"><td style="width: 48px; text-align:left;border-color:#000000;min-width:48px;"> </td><td style="width: 240px; text-align:left;border-color:#000000;min-width:240px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td colspan="2" style="width: 80px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:80px;">Carrying Value</td><td style="width: 10px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:10px;"> </td><td colspan="2" style="width: 80px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:80px;">Estimated Fair Value</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td colspan="2" style="width: 80px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:80px;">Carrying Value</td><td style="width: 10px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:10px;"> </td><td colspan="2" style="width: 80px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:80px;">Estimated Fair Value</td><td style="width: 24px; text-align:left;border-color:#000000;min-width:24px;"> </td></tr><tr style="height: 2px"><td style="width: 48px; text-align:left;border-color:#000000;min-width:48px;"> </td><td style="width: 240px; text-align:left;border-color:#000000;min-width:240px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 10px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:70px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 10px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:70px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 10px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:70px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 10px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:70px;"> </td><td style="width: 24px; text-align:left;border-color:#000000;min-width:24px;"> </td></tr><tr style="height: 17px"><td style="width: 48px; text-align:left;border-color:#000000;min-width:48px;"> </td><td style="width: 240px; text-align:left;border-color:#000000;min-width:240px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td colspan="10" style="width: 340px; text-align:center;border-color:#000000;min-width:340px;">(In thousands)</td><td style="width: 24px; text-align:left;border-color:#000000;min-width:24px;"> </td></tr><tr style="height: 17px"><td style="width: 48px; text-align:left;border-color:#000000;min-width:48px;"> </td><td style="width: 240px; text-align:left;border-color:#000000;min-width:240px;">Cash and cash equivalents </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;">$</td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"> 101,781</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;">$</td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"> 101,781</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;">$</td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"> 35,378</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;">$</td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"> 35,378</td><td style="width: 24px; text-align:left;border-color:#000000;min-width:24px;"> </td></tr><tr style="height: 17px"><td style="width: 48px; text-align:left;border-color:#000000;min-width:48px;"> </td><td style="width: 240px; text-align:left;border-color:#000000;min-width:240px;">Credit Facility </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"> -</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"> -</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"> 260,000</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"> 249,882</td><td style="width: 24px; text-align:left;border-color:#000000;min-width:24px;"> </td></tr><tr style="height: 17px"><td style="width: 48px; text-align:left;border-color:#000000;min-width:48px;"> </td><td style="width: 240px; text-align:left;border-color:#000000;min-width:240px;">2016 Notes </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"> 332,665</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"> 339,318</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"> 332,665</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"> 326,843</td><td style="width: 24px; text-align:left;border-color:#000000;min-width:24px;"> </td></tr><tr style="height: 17px"><td style="width: 48px; text-align:left;border-color:#000000;min-width:48px;"> </td><td style="width: 240px; text-align:left;border-color:#000000;min-width:240px;">2018 Notes </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"> 249,525</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"> 252,020</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"> 249,525</td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"> 238,920</td><td style="width: 24px; text-align:left;border-color:#000000;min-width:24px;"> </td></tr></table></div> Note 12 — Fair Value of Financial Instruments Amounts reflected in our consolidated balance sheets as of September 30, 2010 for cash false false false us-types:textBlockItemType textblock This item represents the complete disclosure regarding the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments, assets, and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the Company is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risk is are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information. Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 107 -Paragraph 15B -Subparagraph a, b Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 107 -Paragraph 3, 10, 14, 15 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 133 -Paragraph 44A, 44B Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 157 -Paragraph 32, 33, 34 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 107 -Paragraph 15C, 15D Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 107 -Paragraph 15A -Subparagraph a-d Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 159 -Paragraph 17-22, 27, 28 false 1 2 false UnKnown UnKnown UnKnown false true