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FAIR VALUE MEASUREMENTS (Tables)
9 Months Ended
Sep. 30, 2015
FAIR VALUE MEASUREMENTS  
Schedule of fair value measurement

 

The carrying value and fair value of the Company’s financial instruments as of September 30, 2015 and December 31, 2014 are as follows (in millions):

 

 

 

Carrying Value at

 

Quoted Prices in
 Active Markets
 (Level 1)

 

Significant
 Observable
 Inputs (Level 2)

 

Significant
 Unobservable
 Inputs (Level 3)

 

 

 

 September 30, 2015

 

Fair Value Measurements at September 30, 2015

 

Cash and cash equivalents

 

$

25.5 

 

$

25.5 

 

$

 

$

 

Accounts receivable, net

 

239.5 

 

 

239.5 

 

 

Variable rate debt

 

118.0 

 

118.0 

 

 

 

Fixed rate debt

 

363.5 

 

 

379.7 

 

 

 

 

 

Carrying Value at
 December 31, 2014

 

Fair Value Measurements at December 31, 2014

 

Cash and cash equivalents

 

$

293.4 

 

$

293.4 

 

$

 

$

 

Accounts receivable, net

 

197.6 

 

 

197.6 

 

 

Fixed rate debt

 

373.6 

 

 

395.7