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FINANCIAL INSTRUMENTS (Tables)

9 Months Ended

Sep. 30, 2013

Fair Value Disclosures [Abstract]

Cash and Cash Equivalents and Investments from Continuing Operations

Cash and cash equivalents from our continuing operations consist of the following as of September 30, 2013 and December 31, 2012 (dollars in thousands):

		September 30, 2013				December 31, 2012
Cash		$	19,062			$	112,759
Money market funds			11,862				121
Cash and cash equivalents, unrestricted			30,924				112,880
Restricted cash			12,564				97,878
Total cash and cash equivalents		$	43,488			$	210,758

Restricted Cash Balances

Restricted cash balances as of September 30, 2013 and December 31, 2012 are comprised of (dollars in thousands):

		September 30, 2013				December 31, 2012
Cash collateral for amounts under:
Credit Agreement		$	—			$	88,000
Letters of credit			12,564				7,376
Funds restricted for legal matter			—				2,502
Total restricted cash		$	12,564			$	97,878

Investments from Continuing Operations

Investments from our continuing operations consist of the following as of September 30, 2013 and December 31, 2012 (dollars in thousands):

		September 30, 2013
						Gross Unrealized
		Cost				Gain				(Loss)				Fair Value
Short-term investments (available for sale):
U.S. Treasury bills		$	52,202			$	8			$	—			$	52,210
Long-term investments (available for sale):
Municipal bond			7,850				—				(468	)			7,382
Total investments (available for sale)		$	60,052			$	8			$	(468	)		$	59,592
		December 31, 2012
						Gross Unrealized
		Cost				Gain				(Loss)				Fair Value
Short-term investments (available for sale):
U.S. Treasury bills		$	63,879			$	4			$	(7	)		$	63,876
Long-term investments (available for sale):
Municipal bond			7,850				—				(468	)			7,382
Total investments (available for sale)		$	71,729			$	4			$	(475	)		$	71,258

Investments Measured at Fair Value on Recurring Basis

Investments measured at fair value on a recurring basis subject to the disclosure requirements of FASB ASC Topic 820 at September 30, 2013 and December 31, 2012 were as follows (dollars in thousands):

		As of September 30, 2013
		Level 1				Level 2				Level 3				Total
U.S. Treasury bills		$	52,210			$	—			$	—			$	52,210
Municipal bond			—				—				7,382				7,382
Totals		$	52,210			$	—			$	7,382			$	59,592
		As of December 31, 2012
		Level 1				Level 2				Level 3				Total
U.S. Treasury bills		$	63,876			$	—			$	—			$	63,876
Municipal bond			—				—				7,382				7,382
Totals		$	63,876			$	—			$	7,382			$	71,258

Assets Measured at Fair Value on Recurring Basis Using Significant Unobservable Inputs (Level 3)

The following table presents a rollforward of our assets measured at fair value on a recurring basis using significant unobservable inputs (Level 3) as defined in FASB ASC Topic 820 for the year to date ended September 30, 2013 (dollars in thousands):

Balance at December 31, 2012		$	7,382
Unrealized gain (loss)			—
Balance at September 30, 2013		$	7,382

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