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Fair Value Measurements (Tables)
3 Months Ended 12 Months Ended
Mar. 31, 2016
Dec. 31, 2015
Fair Value Disclosures [Abstract]    
Financial Instruments at Fair Value Based on Valuation Approach Applied to Each Class of Security

Components of long-term debt including the associated interest rates and related fair values are as follows (in thousands, except interest rates):

 

     March 31, 2016      December 31, 2015      Stated Interest
Rate
 

Issuance

   Face Value      Estimated
Fair Value
     Face Value      Estimated
Fair Value
    

2019 Notes

   $ 925,000       $ 929,625       $ 925,000       $ 879,906         6.375 % 

2020 Notes

     930,000         802,125         930,000         756,788         8.75 % 

2022 Notes

     300,000         304,909         300,000         296,296         8.875 % 
  

 

 

    

 

 

    

 

 

    

 

 

    

Total

   $ 2,155,000       $ 2,036,659       $ 2,155,000       $ 1,932,990         —     
  

 

 

    

 

 

    

 

 

    

 

 

    

The following summarizes the financial instruments of the Company, measured at fair value on a recurring basis, based on the valuation approach applied to each class of security as of December 31, 2014 (in thousands):

 

     Fair Value Measurement at Reporting Date Using  
     Balance at
December 31,
2014
     Quoted Prices
in Active
Markets for
Identical
Assets

(Level 1)
     Significant
Other
Observable
Inputs

(Level 2)
     Significant
Unobservable
Inputs

(Level 3)
 

Assets:

           

Cash equivalents:

           

Money market funds

   $ 1       $ 1       $ —        $ —    

Restricted cash equivalents:

           

Money market funds

     14,214         14,214         —          —    
  

 

 

    

 

 

    

 

 

    

 

 

 

Total assets

   $ 14,215       $ 14,215       $ —        $ —    
  

 

 

    

 

 

    

 

 

    

 

 

 
Components of Long-Term Debt Including Associated Interest Rates and Related Fair Values  

Components of long-term debt including the associated interest rates and related fair values (in thousands, except interest rates):

 

Issuance

   December 31, 2015      December 31, 2014      Stated Interest
Rate
 
     Face Value      Estimated Fair Value      Face Value      Estimated Fair Value         

2019 Notes

   $ 925,000       $ 879,906       $ 925,000       $ 881,063         6.375 % 

2020 Notes

     930,000         756,788         930,000         792,825         8.75 % 

2022 Notes

     300,000         296,296         —          —          8.875 % 
  

 

 

    

 

 

    

 

 

    

 

 

    

Total

   $ 2,155,000       $ 1,932,990       $ 1,855,000       $ 1,673,888         —