Financial Instruments

12 Months Ended

Dec. 31, 2011

Financial Instruments

Financial Instruments

15.          Financial Instruments

At December 31, 2011 and 2010, the fair values of cash and cash equivalents, accounts receivable and accounts payable approximated carrying value because of the short-term nature of these instruments. The fair value of our other financial instruments subject to fair value disclosures are as follows:

	2011				2010
	Carrying		Fair		Carrying		Fair
	Amount		Value		Amount		Value
Long-term debt:
10.75% senior notes	$	200,000	$	205,750	$	200,000	$	206,000
Senior secured term loan	165,487		159,044		166,615		171,615
7.75% senior notes	—		—		30,535		31,451
Senior secured credit facility	—		—		—		—
Notes payable and other	3,907		3,823		8,929		8,639

We estimate the fair value of the debt instruments using market quotes and calculations based on current market rates available to us.