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FAIR VALUE MEASUREMENTS (Tables)
9 Months Ended
Sep. 30, 2013
FAIR VALUE MEASUREMENTS  
Schedule of assets and liabilities of the entity measured at fair value on a recurring basis

Assets and liabilities of the Company measured at fair value on a recurring basis as of December 31, 2012 and September 30, 2013 are summarized as follows (in thousands):

 

 

 

December 31, 2012

 

Description

 

Quoted Prices in
Active Markets
(Level 1)

 

Significant Other
Observable Inputs
(Level 2)

 

Total

 

Certificates of deposit

 

$

 

$

363

 

$

363

 

Money market funds

 

1,755

 

 

1,755

 

Total assets measured at fair value

 

$

1,755

 

$

363

 

$

2,118

 

Interest rate derivative (Note 7)

 

$

 

$

11,142

 

$

11,142

 

Total liabilities measured at fair value

 

$

 

$

11,142

 

$

11,142

 

 

 

 

September 30, 2013

 

Description

 

Quoted Prices in
Active Markets
(Level 1)

 

Significant Other
Observable Inputs
(Level 2)

 

Total

 

Certificates of deposit

 

$

 

$

363

 

$

363

 

Money market funds (1)

 

80,806

 

 

80,806

 

Total assets measured at fair value

 

$

80,806

 

$

363

 

$

81,169

 

Interest rate derivative (Note 7)

 

$

 

$

5,651

 

$

5,651

 

Total liabilities measured at fair value

 

$

 

$

5,651

 

$

5,651

 

 

 

(1)   Includes $78.0 million classified as restricted cash on the Company’s balance sheet.