Fair Value Of Financial Instruments
|3 Months Ended|
Mar. 31, 2016
|Investments, All Other Investments [Abstract]|
|Fair Value Of Financial Instruments||
FAIR VALUE OF FINANCIAL INSTRUMENTS
The carrying amounts on the accompanying consolidated balance sheet for cash and cash equivalents, accounts receivable, accounts payable and accrued liabilities, and current debt are carried at cost, which approximates market value due to their short-term nature. Long-term debt related to the Construction Loan is carried at cost, which approximates market value based on the borrowing rates currently available to the Company with similar terms and maturities.
At March 31, 2016, the carrying value of the outstanding debt represented by the Notes was approximately $944.7 million, including the remaining unamortized discount of approximately $2.4 million related to the October Notes, the remaining unamortized premium of approximately $0.3 million related to the December Notes and $14.0 million related to the August Notes. Also, included in the carrying value of the Notes is unamortized debt issuance cost of approximately $4.8 million related to the October Notes, approximately $1.1 million related to the December Notes, approximately $4.7 million related to the August Notes and approximately $6.6 million related to the 2023 Notes. Based on the quoted market price, the fair value of the Notes was determined to be approximately $924.3 million at March 31, 2016.
The entire disclosure for financial instruments. This disclosure includes, but is not limited to, fair value measurements of short and long term marketable securities, international currencies forward contracts, and auction rate securities. Financial instruments may include hedging and non-hedging currency exchange instruments, derivatives, securitizations and securities available for sale at fair value. Also included are investment results, realized and unrealized gains and losses as well as impairments and risk management disclosures.
No definition available.