Fair Value of Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2015

Fair Value of Financial Instruments

Schedule of estimated fair value of financial instruments

The estimated fair value of financial instruments is as follows (dollars in thousands):

	Carrying		Fair
	Value		Value
June 30, 2015
Assets - investment in U.S. Treasury obligations	$	810	$	810
Liabilities - long-term debt (carried at cost)	291,307		296,111
December 31, 2014
Assets - investment in U.S. Treasury obligations	$	808	$	808
Liabilities - long-term debt (carried at cost)	292,423		296,908

Schedule of assets and liabilities measured at fair value on a recurring basis

A summary is as follows (dollars in thousands):

	June 30,		December 31,
	2015		2014
Asset value measurements using:
Quoted prices in active markets for identical assets (Level 1)	$	810	$	808
Signficant other observable inputs (Level 2)	—		—
Significant unobservable inputs (Level 3)	—		—
	$	810	$	808
Liability value measurements using:
Quoted prices in active markets for identical liabilities (Level 1)	$	—	$	—
Signficant other observable inputs (Level 2)	296,111		296,908
Significant unobservable inputs (Level 3)	—		—
	$	296,111	$	296,908