Fair Value of Financial Assets and Liabilities (Tables)

12 Months Ended

Dec. 31, 2013

Summary of Fair Value of Derivative Liabilities on Recurring Basis

The following table presents the fair value reconciliation of Level 3 derivative liabilities measured at fair value on a recurring basis for the years ended December 31, 2012 and 2011 (in thousands):


	Class A Preferred Stock			Junior Preferred Stock			Total
Balance at January 1, 2011	$	29,272		$	33,090		$	62,362
Included in other (income) expense		(25,650	)		(33,090	)		(58,740	)
Allocation of Class A Preferred Stock upon issuance		6,018			—			6,018

Balance at December 31, 2011		9,640			—			9,640
Included in other (income) expense		(9,640	)		—			(9,640	)

Balance at December 31, 2012	$	—		$	—		$	—

- Definition

Tabular disclosure of the fair value measurement of liabilities using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and gains or losses recognized in other comprehensive income (loss) and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs) by class of liability.

+ References+ Details