Fair Value of Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2016

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
March 31, 2016
Liabilities - long-term debt (carried at cost)		285,775		290,378
December 31, 2015
Liabilities - long-term debt (carried at cost)		286,046		291,306

Schedule of liabilities measured at fair value on a recurring basis

A summary is as follows (dollars in thousands):

	March 31,		December 31,
	2016		2015
Liability value measurements using:
Quoted prices in active markets for identical liabilities (Level 1)	$	—	$	—
Significant other observable inputs (Level 2)		290,378		291,306
Significant unobservable inputs (Level 3)		—		—
	$	290,378	$	291,306