FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)

3 Months Ended

Mar. 31, 2018

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):

	March 31, 2018				December 31, 2017
	Carrying		Fair		Carrying		Fair
	Value		Value		Value		Value
Cash and cash equivalents	$	160,802	$	160,802	$	200,501	$	200,501
Restricted cash		1,472		1,472		1,468		1,468
Long-term debt, including current portion, excluding discount		1,336,941		1,327,763		1,361,826		1,351,474

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):

March 31, 2018

December 31, 2017

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

$

9,600

$

9,600

$

—

$

—

$

—

$

—

Schedule of valuation of liabilities measured on a recurring basis

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

	March 31, 2018						December 31, 2017
			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	$	15,603	$	15,603	$	—	$	6,090	$	6,090	$	—
Interest rate swaps - Liabilities		—		—		—		852		852		—