XML 34 R29.htm IDEA: XBRL DOCUMENT v2.4.0.8
Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2014
Fair Value Measurements [Abstract]  
Carrying Amount And Estimated Fair Values Of Financial Instruments

 

 

 

 

 

 

 

 

 

 

 

 

 

March 31,

 

December 31,

 

2014

 

2013

 

Carrying

 

Fair

 

Carrying

 

Fair

 

Amount

 

Value

 

Amount

 

Value

 

(in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

Cash and cash equivalents

$

18,719 

 

$

18,719 

 

$

22,938 

 

$

22,938 

Credit facility

$

160,200 

 

$

160,200 

 

$

282,900 

 

$

282,900 

Senior notes

$

1,668,426 

 

$

1,825,949 

 

$

1,668,396 

 

$

1,795,935 

Derivative instruments

$

(72,225)

 

$

(72,225)

 

$

38,013 

 

$

38,013 

 

Summary Assets And Liabilities Measured At Fair Value On Recurring Basis

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

March 31, 2014

 

 

Fair Value Measurements Using:

 

 

 

 

 

Quoted Prices

 

Significant

 

 

 

 

 

 

 

 

in Active

 

Other

 

Significant

 

 

 

 

 

Markets

 

Observable Inputs

 

Unobservable Inputs

 

Assets (Liabilities)

 

 

(Level 1)

 

(Level 2)

 

(Level 3)

 

at Fair Value

Derivative assets

 

$

–  

 

$

37,461 

 

$

9,692 

 

$

47,153 

Derivative liabilities

 

 

–  

 

 

(53,665)

 

 

(65,713)

 

 

(119,378)

Total

 

$

–  

 

$

(16,204)

 

$

(56,021)

 

$

(72,225)

 

 

 

 

 

 

December 31, 2013

 

 

Fair Value Measurements Using:

 

 

 

 

 

Quoted Prices

 

Significant

 

 

 

 

 

 

 

 

in Active

 

Other

 

Significant

 

 

 

 

 

Markets

 

Observable Inputs

 

Unobservable Inputs

 

Assets (Liabilities)

 

 

(Level 1)

 

(Level 2)

 

(Level 3)

 

at Fair Value

Derivative assets

 

$

–  

 

$

65,538 

 

$

12,965 

 

$

78,503 

Derivative liabilities

 

 

–  

 

 

(8,601)

 

 

(31,889)

 

 

(40,490)

Total

 

$

–  

 

$

56,937 

 

$

(18,924)

 

$

38,013 

 

Assets Measured At Fair Value On Recurring Basis Using Significant Unobservable Inputs (Level 3), Reconciliation

 

 

 

 

 

 

 

 

 

For the three months ended

 

 

March 31,

 

 

2014

 

2013

 

 

(in thousands)

 

 

 

 

 

 

 

Balance at beginning of period

 

$

(18,924)

 

$

(115)

Total gains (losses):

 

 

   

 

 

 

Included in earnings

 

 

(51,367)

 

 

(59,025)

Included in other comprehensive income

 

 

–  

 

 

–  

Purchases, issuances, and settlements:

 

 

   

 

 

   

Purchases

 

 

–  

 

 

–  

Issuances

 

 

–  

 

 

–  

Settlements

 

 

14,270 

 

 

(1,007)

Transfers into/out of Level 3

 

 

–  

 

 

–  

Balance at end of period

 

$

(56,021)

 

$

(60,147)

Change in losses included in earnings relating to derivatives still held as of March 31

 

$

(37,097)

 

$

(60,032)