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FAIR VALUE MEASUREMENTS (Tables)
 3 Months Ended
Mar. 31, 2016
Fair Value Disclosures [Abstract]  
Fair Value, by Balance Sheet Grouping
The following table presents the carrying amount and estimated fair values of financial instruments held by the Company at March 31, 2016 and December 31, 2015, using market information and what the Company believes to be appropriate valuation methodologies under generally accepted accounting principles:
 
March 31, 2016
 
December 31, 2015
Asset (Liability) (a)
Carrying
Amount
 
Fair Value
 
Carrying
Amount
 
Fair Value
 
 
 
Level 1
 
Level 2
 
 
 
Level 1
 
Level 2
Cash and cash equivalents

$76,204

 

$76,204

 
—

 

$51,777

 

$51,777

 
—

Restricted cash (b)
12,912

 
12,912

 
—

 
23,525

 
23,525

 
—

Current maturities of long-term debt
(12,211
)
 
—

 
(12,211
)
 
—

 
—

 
—

Long-term debt (c)
(857,429
)
 
—

 
(875,329
)
 
(830,554
)
 
—

 
(830,203
)
Interest rate swaps (d)
(25,082
)
 
—

 
(25,082
)
 
(18,244
)
 
—

 
(18,244
)
Foreign currency exchange contracts (d)
(923
)
 
—

 
(923
)
 
(1,625
)
 
—

 
(1,625
)
Foreign currency option contracts (d)
191

 
—

 
191

 
3,964

 
—

 
3,964


 
 
 
 
 
(a)
The Company did not have Level 3 assets or liabilities at March 31, 2016.
(b)
Restricted cash is recorded in “Other Assets” and represents the proceeds from LKE sales deposited with a third-party intermediary.
(c)
The carrying amount of long-term debt is presented net of capitalized debt costs on non-revolving debt. See Note 1 — Basis of Presentation for additional information.
(d)
See Note 11 — Derivative Financial Instruments and Hedging Activities for information regarding the Balance Sheet classification of the Company’s derivative financial instruments.