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FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)
12 Months Ended
Dec. 31, 2014
FAIR VALUE OF FINANCIAL INSTRUMENTS  
Schedule of fair values of the Company's financial instruments

 

 

 

 

Successor

 

Predecessor

 

 

 

December 31, 2014

 

December 31, 2013

 

 

 

Carrying
Value

 

Fair Value

 

Carrying
Value

 

Fair Value

 

Cash and cash equivalents

 

$

83,414 

 

$

83,414 

 

$

122,722 

 

$

122,722 

 

Restricted cash

 

29,695 

 

29,695 

 

10,150 

 

10,150 

 

Floating rate debt

 

430,135 

 

430,135 

 

1,480,064 

 

See Below

 

2010 Notes

 

 

 

115,881 

 

63,438 

 

 

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

 

As of December 31, 2014 and 2013, the fair values of the Company’s financial assets and liabilities are categorized as follows:

 

 

 

Successor

 

 

 

December 31, 2014

 

 

 

Total

 

Quoted
Market
Prices in
Active
Markets
(Level 1)

 

Significant
Other
Observable
Inputs
(Level 2)

 

Investments

 

$

26,486 

 

$

26,486 

 

$

 

 

 

 

Predecessor

 

 

 

December 31, 2013

 

 

 

Total

 

Quoted
Market
Prices in
Active
Markets
(Level 1)

 

Significant
Other
Observable
Inputs
(Level 2)

 

Investments

 

$

77,570 

 

$

77,570 

 

$

 

Derivative instruments — liability position

 

6,975 

 

 

6,975