Consistent with this hierarchy, the Company categorized certain of its financial assets and liabilities as follows at June 30, 2013 (in thousands):

	Total		Level 1		Level 2		Level 3
Assets
Cash equivalents (a)	$	—	$	—	$	—	—
Foreign currency forwards (b)	98		—		98		—
Total assets	$	98	$	—	$	98	—
Liabilities
Long-term debt (c)	$	1,745,273	$	1,663,125	$	82,148	—
Foreign currency forwards (b)	248		—		248		—
Total liabilities	$	1,745,521	$	1,663,125	$	82,396	—

Consistent with this hierarchy, the Company categorized certain of its financial assets and liabilities as follows at September 30, 2012 (in thousands):

	Total		Level 1		Level 2		Level 3
Assets
Cash equivalents (a)	$	155,000	$	155,000	$	—	—
Foreign currency forwards (b)	4		—		4		—
Total assets	$	155,004	$	155,000	$	4	—
Liabilities
Long-term debt (c)	$	1,739,547	$	1,731,625	$	7,922	—
Foreign currency forwards (b)	132		—		132		—
Total liabilities	$	1,739,679	$	1,731,625	$	8,054	—

(a) Cash equivalents, at September 30, 2012, consist of highly liquid investments which have no maturity and are valued using unadjusted quoted market prices for such securities. The Company may from time to time invest in securities with maturities of three months or less (consisting primarily of investment-grade corporate or government bonds), with the primary investment objective of minimizing the potential risk of loss of principal.

(b) Foreign currency forwards are valued for purposes of this disclosure using widely accepted valuation techniques, such as discounted cash flow analyses, and reasonable estimates, such as projected foreign currency exchange rates. Please see Note 11 for more information about the Company’s foreign exchange contracts (including foreign currency forwards).

(c) Long-term debt (including current maturities and borrowings under the ABL facility) is carried in the Company’s consolidated financial statements at amortized cost of $1,690.8 million at June 30, 2013 and $1,617.2 million at September 30, 2012. The senior notes due 2019 and senior notes due 2022 are valued for purposes of this disclosure using unadjusted quoted market prices for such debt securities. Other long-term debt (consisting primarily of borrowings under the ABL facility and capital lease obligations), is generally valued for purposes of this disclosure using widely accepted valuation techniques, such as discounted cash flow analyses, and observable inputs, such as market interest rates. Please see Note 10 for more information about the Company’s debt.