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Financial Instruments
9 Months Ended
Sep. 30, 2013
Financial Instruments  
Financial Instruments

Note 6.                   Financial Instruments

 

At September 30, 2013 and December 31, 2012, 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:

 

 

 

September 30, 2013

 

December 31, 2012

 

 

 

Carrying

 

Fair

 

Carrying

 

Fair

 

 

 

Amount

 

Value

 

Amount

 

Value

 

Long-term debt:

 

 

 

 

 

 

 

 

 

10.75% senior notes

 

$

200,000

 

$

223,500

 

$

200,000

 

$

221,000

 

Senior secured Term Loan A

 

159,701

 

159,701

 

170,625

 

170,625

 

Notes payable and other

 

2,851

 

2,751

 

2,491

 

2,410

 

 

We estimated the fair value of the debt instruments using market quotes and calculations based on current market rates available to us (Level 2).