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FINANCIAL INSTRUMENTS (Tables) | 12 Months Ended
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Dec. 31, 2014
Fair Value Disclosures [Abstract] |
Carrying Value and Estimated Fair Value of Financial Instruments | The carrying value and estimated fair value of the Company's financial instruments as of December 31, 2014 and 2013 are as follows:
| 2014 |  | 2013
(in thousands of $) | Carrying Value |  |  | Fair Value |  |  | Carrying Value |  |  | Fair Value |
Assets: |  |  |  |  |  |  |
Cash and cash equivalents | 64,080 |  |  | 64,080 |  |  | 53,759 |  |  | 53,759 |
Restricted cash and investments | 42,074 |  |  | 42,074 |  |  | 68,363 |  |  | 68,363 |
Marketable securities | 2,624 |  |  | 2,624 |  |  | 3,479 |  |  | 3,479 |
Liabilities: |  |  |  |  |  |  |  |  |  |  |
7.84% First Preferred Mortgage Term Notes | — |  |  | — |  |  | 185,838 |  |  | 129,381 |
8.04% First Preferred Mortgage Term Notes | 36,657 |  |  | 33,143 |  |  | 83,240 |  |  | 70,696 |
4.5% Convertible Bond | 126,700 |  |  | 114,347 |  |  | 190,000 |  |  | 140,315 |
Floating rate debt | 29,500 |  |  | 29,500 |  |  | — |  |  | — |
Financial Assets and Liabilities Measured at Fair Value on Recurring Basis | The estimated fair value of financial assets and liabilities are as follows:
(in thousands of $) | 2014 Fair Value |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |
Assets: |  |  |  |  |  |  |
Cash and cash equivalents | 64,080 |  |  | 64,080 |  |  | — |  |  | — |
Restricted cash and investments | 42,074 |  |  | 42,074 |  |  | — |  |  | — |
Marketable securities | 2,624 |  |  | 2,624 |  |  | — |  |  | — |
Liabilities: |  |  |  |  |  |  |  |  |  |  |
8.04% First Preferred Mortgage Term Notes | 33,143 |  |  | — |  |  | 33,143 |  |  | — |
4.5% Convertible Bond | 114,347 |  |  | — |  |  | 114,347 |  |  | — |
Floating rate debt | 29,500 |  |  | — |  |  | 29,500 |  |  | — |
(in thousands of $) | 2013 Fair Value |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |
Assets: |  |  |  |  |  |  |
Cash and cash equivalents | 53,759 |  |  | 53,759 |  |  | — |  |  | — |
Restricted cash and investments | 68,363 |  |  | 68,363 |  |  | — |  |  | — |
Marketable securities | 3,479 |  |  | 3,479 |  |  | — |  |  | — |
Liabilities: |  |  |  |  |  |  |  |  |  |  |
7.84% First Preferred Mortgage Term Notes | 129,381 |  |  | — |  |  | 129,381 |  |  | — |
8.04% First Preferred Mortgage Term Notes | 70,696 |  |  |  |  | 70,696 |  |  |
4.5% Convertible bond | 140,315 |  |  | — |  |  | 140,315 |  |  | — |

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- Definition Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities. + 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 (a) -URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19207-110258 Reference 2: 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=35750535&loc=d3e13433-108611 Reference 3: 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=35750535&loc=d3e13467-108611 Reference 4: 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=35750535&loc=d3e13476-108611 Reference 5: 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 Reference 6: 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 + Details
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- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, 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 Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19190-110258 + Details
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