FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)

9 Months Ended

Sep. 30, 2017

FAIR VALUE OF FINANCIAL INSTRUMENTS

Schedule of estimated fair values of financial instruments

The estimated fair values of the Company’s financial instruments are as follows (dollars in thousands):

	September 30, 2017				December 31, 2016
	Carrying		Fair		Carrying		Fair
	Value		Value		Value		Value
Cash and cash equivalents	$	184,677	$	184,677	$	94,681	$	94,681
Restricted cash		1,464		1,464		1,457		1,457
Long-term debt, including current portion, excluding discount		1,412,896		1,402,519		1,581,951		1,564,364

Schedule of valuation of financial instruments on a nonrecurring basis

The following table summarizes the valuation of assets measured on a nonrecurring basis (dollars in thousands):

September 30, 2017

December 31, 2016

Significant

Significant

Other

Significant

Other

Significant

Observable

Unobservable

Observable

Unobservable

Inputs

Inputs

Inputs

Inputs

Total

(Level 2)

(Level 3)

Total

(Level 2)

(Level 3)

Assets held for sale

$

31,530

$

31,530

$

—

$

30,195

$

30,195

$

—

Schedule of valuation of liabilities measured on a recurring basis

The following table summarizes the valuation of liabilities measured on a recurring basis (dollars in thousands):

	September 30, 2017						December 31, 2016
			Significant						Significant
			Other		Significant				Other		Significant
			Observable		Unobservable				Observable		Unobservable
			Inputs		Inputs				Inputs		Inputs
	Total		(Level 2)		(Level 3)		Total		(Level 2)		(Level 3)
Interest rate swaps - Assets	$	1,259	$	1,259	$	—	$	19,585	$	19,585	$	—
Interest rate swaps - Liabilities		3,649		3,649		—		1,552		1,552		—