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FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)
12 Months Ended
Dec. 31, 2012
FAIR VALUE OF FINANCIAL INSTRUMENTS  
Schedule of fair values of the Company's financial instruments

 

 

 

 

December 31, 2012

 

December 31, 2011

 

 

 

Carrying
Value

 

Fair Value

 

Carrying
Value

 

Fair Value

 

Cash and cash equivalents

 

$

72,600

 

$

72,600

 

$

227,968

 

$

227,968

 

Restricted cash

 

10,150

 

10,150

 

9,750

 

9,750

 

Floating rate debt

 

1,413,439

 

1,413,439

 

1,588,012

 

1,588,012

 

2010 Notes

 

110,918

 

44,375

 

106,381

 

80,000

 

Schedule of fair values of the Company's financial assets and liabilities

 

 

 

 

December 31, 2012

 

 

 

Total

 

Quoted
market
prices in
active
markets
(Level 1)

 

Significant
Other
Observable
Inputs
(Level 2)

 

Investments

 

$

20,988

 

$

20,988

 

$

 

Derivative instruments — liability position

 

16,052

 

 

16,052

 

 

 

 

December 31, 2011

 

 

 

Total

 

Quoted
market
prices in
active
markets
(Level 1)

 

Significant
Other
Observable
Inputs
(Level 2)

 

Investments

 

$

24,468

 

$

24,468

 

$

 

Derivative instruments — liability position

 

25,340

 

 

25,340