Fair Value of Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2013

Fair Value, Assets and Liabilities Measured on Nonrecurring Basis [Table Text Block]

The following non-financial instruments were measured at fair value, on a nonrecurring basis, as of and for the three months ended March 31, 2013:

Fair Value Measurements Using

As of March 31, 2013

For the three months ended March 31, 2013

Level 1

Level 2

Level 3

Impairment Losses

Property and equipment, net

—

844

The following non-financial instruments were measured at fair value, on a nonrecurring basis, as of and for the year ended December 31, 2012 and impairment losses for the three months ended March 31, 2012:



			Fair Value Measurements Using
			As of December 31, 2012						For the three months ended March 31, 2012
			Level 1		Level 2		Level 3		Impairment Losses
Assets of discontinued operations	$	794	$	794	$	—	$	—	$	13,915
Property and equipment, net	—		—		—		—		2,024
	$	794	$	794	$	—	$	—	$	15,939

Schedule of Fair Value of Assets and Liabilities measured on a recurring basis

The fair values of our financial instruments as of March 31, 2013 are presented in the following table:



	Fair Value Measurements Using
(in thousands)	Level 1		Level 2		Fair Value
Financial Assets:
Cash and cash equivalents	$	125,559	$	—	$	125,559
Restricted cash	—		22,158		22,158
Equity securities	21,871		—		21,871
Total Financial Assets	$	147,430	$	22,158	$	169,588

Financial Liabilities:
Total debt	—		891,647		891,647
Total Financial Liabilities	$	—	$	891,647	$	891,647

Derivatives:
Liability for interest rate swap agreements	$	—	$	5,593	$	5,593

The fair values of our financial instruments as of December 31, 2012 are presented in the following table:



	Fair Value Measurements Using
(in thousands)	Level 1		Level 2		Fair Value
Financial Assets:
Cash and cash equivalents	$	148,858	$	—	$	148,858
Restricted cash	—		22,117		22,117
Equity securities	22,168		—		22,168
Total Financial Assets	$	171,026	$	22,117	$	193,143

Financial Liabilities:
Total debt	—		899,258		899,258
Total Financial Liabilities	$	—	$	899,258	$	899,258

Derivatives:
Liability for interest rate swap agreements	$	—	$	6,486	$	6,486

- Definition

Tabular disclosure of assets and liabilities by class, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a nonrecurring basis in periods after initial recognition (for example, impaired assets). The disclosures that may be required or desired include: (a) the fair value measurements recorded during the period and the reasons for the measurements and (b) the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets or liabilities (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). Where the quoted price in an active market for the identical liability is not available, the Level 1 input is the quoted price of an identical liability when traded as an asset.

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