Fair Value Measurement Disclosures (Tables)

6 Months Ended

Jun. 30, 2014

Estimated Fair Values of Financial Instrument

The estimated fair values of our financial instruments are as follows (in millions):

		June 30, 2014				December 31, 2013
	Fair Value	Carrying		Fair		Carrying		Fair
Description	Hierarchy	Amount		Value		Amount		Value
12.5% senior secured notes due 2017	Level 2	$	275.0		307.1	$	275.0		297.7
10 3/4% Series B cumulative exchangeable      redeemable preferred stock	Level 3		131.5		45.2		126.6		37.8
Promissory note payable, included in other long-      term debt	Level 3		5.4		4.7		5.5		4.5
Promissory note payable, included in other long-      term debt	Level 3		2.7		2.8		2.7		2.7

Fair Value of Derivative Instruments

The following table represents required quantitative disclosures regarding fair values of our derivative instruments (in thousands).

			Fair value measurements at June 30, 2014
			Liabilities
Description	June 30, 2014 carrying value and balance sheet location of derivative instruments		Quoted prices in active markets for identical instruments (Level 1)		Significant other observable inputs (Level 2)		Significant unobservable inputs (Level 3)
Derivative designated as a cash flow hedging instrument:
Interest rate swap liability	$	527		—		527		—

			Fair value measurements at December 31, 2013
			Liabilities
Description	December 31, 2013 carrying value  and balance sheet location of derivative instruments		Quoted prices in active markets for identical instruments (Level 1)		Significant other observable inputs (Level 2)		Significant unobservable inputs (Level 3)
Derivative designated as a cash flow hedging instrument:
Interest rate swap liability	$	602		—		602		—

Interest Rate Swaps

The interest rate swap fair value is derived from the present value of the difference in cash flows based on the forward-looking LIBOR yield curve rates, as compared to our fixed rate applied to the hedged amount through the term of the agreement, less adjustments for credit risk. There were no transfers between Levels during the three- and six-month periods ended June 30, 2014 and 2013, respectively.

	Three-Months Ended				Six-Months Ended
	June 30,				June 30,
Interest rate swaps	2014		2013		2014		2013
Gain recognized in other comprehensive loss      (effective portion)	$	36		89		75		138