Fair Value Measurement Disclosures (Tables)

9 Months Ended

Sep. 30, 2016

Fair Value Disclosures [Abstract]

Estimated Fair Values of Financial Instruments

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

		September 30, 2016				December 31, 2015
	Fair Value	Carrying		Fair		Carrying		Fair
Description	Hierarchy	Amount		Value		Amount		Value
12.5% senior secured notes due 2017	Level 2	$	275.0		275.9	$	275.0		281.2
10 3/4% Series B cumulative exchangeable    redeemable preferred stock	Level 3		153.4		68.0		146.1		60.1
Promissory note payable	Level 3		4.7		4.6		4.9		4.2

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 September 30, 2016
			Liabilities
Description	September 30, 2016 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	$	70		—		70		—

			Fair value measurements at December 31, 2015
			Liabilities
Description	December 31, 2015 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	$	220		—		220		—

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 nine-month periods ended September 30, 2016 and 2015, respectively.

	Three-Months Ended				Nine-Months Ended
	September 30,				September 30,
Interest rate swaps	2016		2015		2016		2015
Gain recognized in other comprehensive loss    (effective portion)	$	54		44		150		125