Fair Value of Financial Instruments, Derivatives and Fair Value Disclosures (Tables)

3 Months Ended

Mar. 31, 2015

Fair Value Disclosures [Abstract]

Fair Value, by Balance Sheet Grouping [Table Text Block]

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, are as follows:

	Fair Value		Level 1		Level 2
March 31, 2015:
Cash(1)	$	595,331	$	595,331	$	-
8.125% notes due 2018		(300,270)		-		(300,270)
OBS Term Loan due 2019		(604,462)		-		(604,462)
OIN Term Loan due 2019		(632,238)		-		(632,238)
7.5% Election 1 notes due 2021		(5,747)		-		(5,747)
7.5% Election 2 notes due 2021		(131,426)		-		(131,426)
7.5% notes due 2024		(604)		-		(604)
December 31, 2014:
Cash(1)	$	512,404	$	512,404	$	-
8.125% notes due 2018		(294,300)		-		(294,300)
OBS Term Loan due 2019		(589,863)		-		(589,863)
OIN Term Loan due 2019		(618,981)		-		(618,981)
7.5% Election 1 notes due 2021		(5,511)		-		(5,511)
7.5% Election 2 notes due 2021		(131,773)		-		(131,773)
7.5% notes due 2024		(626)		-		(626)

⁽¹⁾ Includes restricted cash of $118,010 and $123,178 at March 31, 2015 and December 31, 2014, respectively.

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]

The following table presents information with respect to the fair values of derivatives reflected in the March 31, 2015 balance sheet on a gross basis by transaction.

	Asset Derivatives			Liability Derivatives
March 31, 2015	Balance Sheet Location	Amount		Balance Sheet Location	Amount
Derivatives designated as hedging instruments:
Interest rate caps:
Long-term portion	Other assets	$	927	Other liabilities	$	-
Total derivatives designated as hedging instruments		$	927		$	-

	Asset Derivatives			Liability Derivatives
December 31, 2014	Balance Sheet Location	Amount		Balance Sheet Location	Amount
Derivatives designated as hedging instruments:
Interest rate caps:
Long-term portion	Other assets	$	2,115	Other liabilities	$	-
Total derivatives designated as hedging instruments		$	2,115		$	-

Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss) [Table Text Block]

The effect of cash flow hedging relationships recognized in other comprehensive income/(loss) excluding amounts reclassified from accumulated other comprehensive income (effective portion), including hedges of equity method investees, for the three months period ended March 31, 2015 and March 31, 2014 follows:

	Three Months Ended
	March 31,
	2015		2014
Interest rate swaps	$	(7,431)	$	(6,843)
Interest rate caps		(1,187)		-
Total	$	(8,618)	$	(6,843)

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]

The following table presents the fair values, which are pre-tax, for assets and liabilities measured on a recurring basis (excluding investments in affiliated companies):

	Fair Value		Level 1		Level 2
Assets at March 31, 2015:
Derivative Assets (interest rate caps)	$	927	$	-	$	927	(1)
Assets at December 31, 2014:
Derivative Assets (interest rate caps)	$	2,115	$	-	$	2,115	(1)

(1) For interest rate caps, fair values are derived using valuation models that utilize the income valuation approach. These valuation models take into account contract terms such as maturity, as well as other inputs such as interest rate yield curves and creditworthiness of the counterparty and the Company.