Fair Value of Assets and Liabilities (Tables)

3 Months Ended

Mar. 31, 2015

Carrying value and estimated fair value of financial instruments

The following tables present the carrying values of those financial instruments and the estimated corresponding fair values at March 31, 2015 and December 31, 2014 (in thousands):



			Estimated Fair Value Measurements at March 31, 2015
	Carrying Value as of March 31, 2015		Total Fair Value		Level 1		Level 2		Level 3
Assets:
Cash and cash equivalents	$	68,981	$	68,981	$	68,981	$	—	$	—
Restricted cash	19,089		19,089		4,247		14,842		—
Liabilities:
Borrowings under senior credit facility	$	697,750	$	698,855	$	—	$	698,855	$	—
5.875% Senior Notes	250,000		260,000		—		260,000		—
5.125% Senior Notes	300,000		315,375				315,375
5⅞% Senior Notes	250,000		255,000		—		255,000		—
6.625% Senior Notes	300,000		318,000		—		318,000		—
Non-recourse debt, Australian subsidiary	156,442		159,484		—		159,484		—
Other non-recourse debt, including current portion	14,025		14,111		—		14,111		—



			Estimated Fair Value Measurements at December 31, 2014
	Carrying Value as of December 31, 2014		Total Fair Value		Level 1		Level 2		Level 3
Assets:
Cash and cash equivalents	$	41,337	$	41,337	$	41,337	$	—	$	—
Restricted cash	12,638		12,638		3,889		8,749		—
Liabilities:
Borrowings under senior credit facility	$	365,500	$	364,411	$	—	$	364,411	$	—
5.875% Senior Notes	250,000		256,720		—		256,720		—
5.125% Senior Notes	300,000		296,814		—		296,814		—
5⅞% Senior Notes	250,000		256,720		—		256,720		—
6.625% Senior Notes	300,000		315,750		—		315,750		—
Non-recourse debt, Australian subsidiary	95,714		95,871		—		95,871		—
Other non-recourse debt, including current portion	48,836		52,016		—		52,016		—

- Definition

Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities.

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