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Fair Value of Assets and Liabilities (Tables)
3 Months Ended
Mar. 31, 2013
Fair Value of Assets and Liabilities  
Schedule of certain of the entity's assets carried at fair value, categorized by the level of inputs used in the valuation of each asset

 

 

 

 

 

 

Fair Value at Reporting Date Using

 

 

 

 

 

Quoted Prices in
Active Markets for
Identical Assets

 

Significant Other
Observable Inputs

 

Significant
Unobservable Inputs

 

Description

 

Total

 

(Level 1)

 

(Level 2)

 

(Level 3)

 

Investment securities (1) 

 

$

24,359

 

$

24,359

 

$

 

$

 

 

 

(1)         Our investment securities, consisting of our 2,540,000 shares of TA, which are included in our other assets, are reported at fair value which is based on quoted market prices (Level 1 inputs).  Our historical cost basis for these securities is $9,267.  The unrealized gain for these securities as of March 31, 2013, is included in cumulative other comprehensive income in our condensed consolidated balance sheets.

Schedule of fair value of additional financial instruments

 

 

 

 

March 31, 2013

 

December 31, 2012

 

 

 

Carrying

 

Fair

 

Carrying

 

Fair

 

 

 

Amount

 

Value

 

Amount

 

Value

 

Senior Notes, due 2014 at 7.875%

 

300,000

 

324,739

 

300,000

 

333,360

 

Senior Notes, due 2015 at 5.125%

 

280,000

 

295,026

 

280,000

 

298,926

 

Senior Notes, due 2016 at 6.3%

 

275,000

 

310,385

 

275,000

 

306,078

 

Senior Notes, due 2017 at 5.625%

 

300,000

 

331,805

 

300,000

 

335,173

 

Senior Notes, due 2018 at 6.7%

 

350,000

 

412,098

 

350,000

 

417,293

 

Senior Notes, due 2022 at 5%

 

500,000

 

529,555

 

500,000

 

531,343

 

Convertible Senior Notes, due 2027 at 3.8%

 

8,478

 

9,033

 

8,478

 

9,092

 

Unamortized discounts

 

(10,628

)

 

(11,120

)

 

Total financial liabilities

 

$

2,002,850

 

$

2,212,641

 

$

2,002,358

 

$

2,231,265