FAIR VALUE OF FINANCIAL INSTRUMENTS, DERIVATIVES AND FAIR VALUE DISCLOSURES (Tables)

12 Months Ended

Dec. 31, 2017

Dec. 31, 2016

Fair Value Disclosures [Abstract]

Fair value, by balance sheet grouping

The estimated fair values of the Company’s financial instruments, other than derivatives, that are not measured at fair value on a recurring basis, categorized based upon the fair value hierarchy, at December 31, 2017 and 2016, are as follows:

	Carrying Value		Fair Value
			Level 1		Level 2
December 31, 2017:
Assets
Cash (1)	$	166,269	$	166,269	$	—
Total	$	166,269	$	166,269	$	—
Liabilities
OBS Term loan	$	448,251	$	—	$	441,630
7.5% Election 2 notes due 2021	295		—		305
7.5% notes due 2024	390		—		380
Total	$	448,936	$	—	$	442,315

	Carrying Value		Fair Value
			Level 1		Level 2
December 31, 2016:
Assets
Cash (1)	$	206,933	$	206,933	$	—
Total	$	206,933	$	206,933	$	—
Liabilities
8.125% notes due 2018	$	80,213	$	—	$	84,935
OBS Term loan	444,186		—		442,199
7.5% Election 2 notes due 2021	293		—		303
7.5% notes due 2024	390		—		392
Total	$	525,082	$	—	$	527,829

Schedule of cash flow hedges included in accumulated other comprehensive income (loss)

The effect of cash flow hedging relationships on the consolidated statements of operations is presented excluding hedges of equity method investees. The effect of the Company’s cash flow hedging relationships on the consolidated statement of operations for the years ended 2017 and 2016 is shown below:

	Statement of Operations
	Effective Portion of Gain/(Loss) Reclassified from Accumulated Other Comprehensive Loss				Ineffective Portion
	Location	Amount of Loss			Location	Amount of Loss
For the year ended December 31, 2017:
Interest Rate Cap	Interest expense	$	(1,423	)	Interest expense	$	—
Total		$	(1,423	)		$	—
For the year ended December 31, 2016:
Interest Rate Cap	Interest expense	$	(339	)	Interest expense	$	—
Interest rate caps	Net (loss)/income from discontinued operations	(408		)		—
Total		$	(747	)		$	—
For the year ended December 31, 2015:
Interest Rate Cap	Interest expense	$	(1	)	Interest expense	$	—
Interest rate caps	Net (loss)/income from discontinued operations	(2		)		—
		$	(3	)		$	—

The effect of cash flow hedging relationships recognized in other comprehensive income/(loss) excluding amounts reclassified from accumulated other comprehensive loss (effective portion), including hedges of equity method investees, for the years ended December 31, 2017, 2016 and 2015 follows:

	For Years Ended December 31,
	2017			2016			2015
Interest Rate Cap of continuing operations	$	(2	)	$	(97	)	$	(1,537	)
Interest rate caps of discontinued operations	—			(3		)	(472		)
Interest rate swaps of discontinued operations	—			(5,794		)	(9,721		)
Total	$	(2	)	$	(5,894	)	$	(11,730	)