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FAIR VALUE MEASUREMENTS (Tables)
 9 Months Ended
Sep. 30, 2013
Fair Value Disclosures [Abstract]  
Fair Value, Assets Measured on Recurring Basis
The following table presents the carrying amount, estimated fair values and categorization under the fair value hierarchy of financial instruments held by the Company at September 30, 2013 and December 31, 2012, using market information and what management believes to be appropriate valuation methodologies under generally accepted accounting principles:
 
September 30, 2013
 
December 31, 2012
Asset (liability)
Carrying
Amount
 
Fair Value
 
Carrying
Amount
 
Fair Value
 
 
 
Level 1
 
Level 2
 
 
 
Level 1
 
Level 2
Cash and cash equivalents
$
260,738

 
$
260,738

 
$
—

 
$
280,596

 
$
280,596

 
$
—

Restricted cash (a)
6,569

 
6,569

 
—

 
10,559

 
10,559

 
—

Current maturities of long-term debt
(10,000
)
 
—

 
(16,900
)
(b)
(150,000
)
 
—

 
(150,000
)
Long-term debt
(1,646,337
)
 
—

 
(1,739,813
)
 
(1,120,052
)
 
—

 
(1,250,341
)
Interest rate swaps (c)
(7,113
)
 
—

 
(7,113
)
 
—

 
—

 
—

Foreign currency exchange contracts (c)
1,296

 
—

 
1,296

 
—

 
—

 
—

Foreign currency option contracts (c)
613

 
—

 
613

 
—

 
—

 
—

Fuel contracts (c)
(109
)
 
—

 
(109
)
 
—

 
—

 
—


(a)
Restricted cash is recorded in “Other Assets” and represents the proceeds from LKE sales deposited with a third-party intermediary.
(b)
The fair market value of current maturities of long-term-term debt represents the value of the debt and equity associated with the early redemption of a portion of the Senior Exchangeable Notes due 2015. The Company has a hedge agreement that offsets the $6.9 million equity portion of the current maturity. See Note 16 — Debt for more information regarding the exchange of the notes.
(c)
See Note 9 — Derivative Financial Instruments and Hedging Activities for information regarding the Balance Sheet classification of the Company’s derivative financial instruments.