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FAIR VALUE MEASUREMENTS (Tables)
3 Months Ended
Mar. 31, 2016
FAIR VALUE MEASUREMENTS  
Schedule of fair value measurement

The carrying value and fair value of the Company’s financial instruments as of March 31, 2016 and December 31, 2015 are as follows (in millions):

 

 

 

Total Carrying
Value at

 

Total

 

Quoted Prices in
Active Markets
(Level 1)

 

Significant
Observable Inputs
(Level 2)

 

Significant
Unobservable
Inputs (Level 3)

 

 

 

March 31, 2016

 

Fair Value Measurements at March 31, 2016

 

Cash and cash equivalents

 

$

20.1 

 

$

20.1 

 

$

20.1 

 

$

 

$

 

Accounts receivable, net

 

210.4 

 

210.4 

 

 

210.4 

 

 

Variable rate debt

 

54.0 

 

54.0 

 

 

54.0 

 

 

Fixed rate debt

 

427.2 

 

447.6 

 

 

447.6 

 

 

 

 

 

December 31, 2015

 

Fair Value Measurements at December 31, 2015

 

Cash and cash equivalents

 

$

25.5 

 

$

25.5 

 

25.5 

 

$

 

$

 

Accounts receivable, net

 

214.3 

 

214.3 

 

 

214.3 

 

 

Fixed rate debt

 

429.9 

 

443.8 

 

 

443.8