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Fair Value Measurements (Tables) | 6 Months Ended
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Jun. 30, 2012
Fair Value Disclosures [Abstract] |
Schedule of money market funds measured at fair value on a recurring basis | The following tables present the Company’s money market funds measured at fair value on a recurring basis as of June 30, 2012 and December 31, 2011, aggregated by the level in the fair value hierarchy within which those measurements fall (in thousands):
|  | JUNE 30, 2012
|  |  |  | FAIR VALUE
|  | CARRYING VALUE |  | LEVEL 1 |  | LEVEL 2 |  | LEVEL 3
Assets: |  |  |  |  |  |  |  |
Money market funds - cash equivalents |  | $ | 208 |  |  | $ | 208 |  |  | $ | — |  |  | $ | — |
Money market funds - restricted cash |  | 23,084 |  |  | 23,084 |  |  | — |  |  | — |
Total recurring fair value measurements |  | $ | 23,292 |  |  | $ | 23,292 |  |  | $ | — |  |  | $ | — |
|  | DECEMBER 31, 2011
|  |  |  | FAIR VALUE
|  | CARRYING VALUE |  | LEVEL 1 |  | LEVEL 2 |  | LEVEL 3
Assets: |  |  |  |  |  |  |  |
Money market funds - cash equivalents |  | $ | 30,208 |  |  | $ | 30,208 |  |  | $ | — |  |  | $ | — |
Money market funds - restricted cash |  | 7,499 |  |  | 7,499 |  |  | — |  |  | — |
Total recurring fair value measurements |  | $ | 37,707 |  |  | $ | 37,707 |  |  | $ | — |  |  | $ | — |
Schedule of losses related to long lived assets held and used | The following tables present losses related to the Company’s assets and liabilities that were measured at fair value on a nonrecurring basis during the three and six months ended June 30, 2012 aggregated by the level in the fair value hierarchy within which those measurements fall (in thousands):
|  | JUNE 30, 2012 |  |
|  |  |  | REMAINING FAIR VALUE |  | THREE MONTHS ENDED JUNE 30, 2012
|  | CARRYING VALUE |  | LEVEL 1 |  | LEVEL 2 |  | LEVEL 3 |  | TOTAL LOSSES
Long-lived assets held and used |  | $ | 2,075 |  |  | $ | — |  |  | $ | — |  |  | $ | 2,075 |  |  | $ | 4,654 |
|  | JUNE 30, 2012 |  |
|  |  |  | REMAINING FAIR VALUE |  | SIX MONTHS ENDED JUNE 30, 2012
|  | CARRYING VALUE |  | LEVEL 1 |  | LEVEL 2 |  | LEVEL 3 |  | TOTAL LOSSES
Long-lived assets held and used |  | $ | 2,933 |  |  | $ | — |  |  | $ | 650 |  |  | $ | 2,283 |  |  | $ | 9,088 |
Schedule of quantitative information related to unobservable inputs used in Level 3 fair value measurements for impairment of loss | The following table presents quantitative information related to the unobservable inputs used in the Company’s Level 3 fair value measurements for the impairment loss incurred in the six months ended June 30, 2012:
UNOBSERVABLE INPUT |  | RANGE
Weighted-average costs of capital (1) |  | 10.4% - 11.2%
Long-term growth rate |  | 3.0%
Annual revenue growth rates (2) |  | (8.7)% - 4.3%
________________
(1) | Weighted average of the costs of capital unobservable input range for the six months ended June 30, 2012 was 10.9%.
(2) | Weighted average of the annual revenue growth rate unobservable input range for the six months ended June 30, 2012 was 2.6%.
Schedule of carrying value and fair value of senior secured credit facilities and senior notes | The following table includes the carrying value and fair value of the Company’s financial instruments (excluding cash equivalents and restricted cash shown in the table above) at June 30, 2012 aggregated by the level in the fair value hierarchy in which those measurements fall (in thousands):
|  | JUNE 30, 2012
|  |  |  | FAIR VALUE
|  | CARRYING VALUE |  | LEVEL 1 |  | LEVEL 2 |  | LEVEL 3
Senior secured term loan facility (1) |  | $ | 1,007,850 |  |  | $ | — |  |  | $ | 990,213 |  |  | $ | — |
Mortgage loan (2) |  | 323,530 |  |  | — |  |  | — |  |  | 323,530 |
First mezzanine loan (2) |  | 87,465 |  |  | — |  |  | — |  |  | 87,465 |
Second mezzanine loan (2) |  | 87,520 |  |  | — |  |  | — |  |  | 87,520 |
Senior notes (1) |  | 248,075 |  |  | — |  |  | 254,897 |  |  | — |
Other notes payable (1) |  | 9,213 |  |  | — |  |  | — |  |  | 8,585 |
Guaranteed debt (1) |  | 24,500 |  |  | — |  |  | — |  |  | 22,790 |
_______________
(1) | Represents obligations of OSI.
(2) | Represents obligations of New PRP.
The following table includes the carrying value and fair value of OSI’s senior secured credit facilities and senior notes at December 31, 2011 (in thousands):
| DECEMBER 31, 2011
| CARRYING VALUE |  | FAIR VALUE
Senior secured term loan facility | $ | 1,014,400 |  |  | $ | 953,536 |
Senior secured pre-funded revolving credit facility | 33,000 |  |  | 31,020 |
Senior notes | 248,075 |  |  | 254,277 |

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- Definition Tabular disclosure for impairment of long-lived assets held and used by an entity which includes a description of the impaired long-lived asset and facts and circumstances leading to the impairment, aggregate amount of the impairment loss and where the loss is located in the income statement, method(s) for determining fair value, and the segment in which the impaired long-lived asset is reported. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6391110&loc=d3e2921-110230 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 144 -Paragraph 26 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 5 -Section CC -Subsection 3 + Details
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- Definition Tabular disclosure of the inputs and valuation techniques used to measure fair value, and a discussion of changes in valuation techniques and related inputs, if any, used to measure similar assets in prior periods (non-recurring basis) by class of asset or liability. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (bbb) -URI http://asc.fasb.org/extlink&oid=7578670&loc=d3e19207-110258 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 157 -Paragraph 33 -Subparagraph d -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. + Details
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- Definition Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 157 -Paragraph 6 -Footnote 4 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 157 -Paragraph 32 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=7578670&loc=d3e19190-110258 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a),(b) -URI http://asc.fasb.org/extlink&oid=7578670&loc=d3e19207-110258 + Details
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- Definition Tabular disclosure of the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments, assets, and liabilities. Such certain disclosures about the financial instruments, assets, and liabilities include: (1) the fair value of the required items together with their carrying amounts (as appropriate) and (2) the methodology and assumptions used in developing such estimates of fair value. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 107 -Paragraph 14 -Subparagraph a -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 159 -Paragraph 18 -Subparagraph c(2), d, e, f -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 10 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=7491637&loc=d3e13433-108611 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 107 -Paragraph 15 -Subparagraph b-d -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=7491637&loc=d3e13467-108611 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 159 -Paragraph 19 -Subparagraph a, b, c(1), d(1) -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=7578670&loc=d3e19207-110258 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6447952&loc=d3e13220-108610 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 157 -Paragraph 32 -Subparagraph a, c(1), c(2), c(3), d -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 107 -Paragraph 10 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=7491637&loc=d3e13476-108611 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6957238&loc=d3e14172-108612 + Details
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