American Home Shield 2010 Annual Report Download - page 104

Table of Contents
Notes to the Consolidated Financial Statements (Continued)
Note 19. Fair Value of Financial Instruments (Continued)
settlement date and applying the difference between the contract and expected prices to the notional gallons in the fuel swap contracts.
The carrying amount and estimated fair value of the Company's financial instruments that are recorded at fair value for the periods presented are as
follows:
As of
December 31, 2010
As of
December 31, 2009
Estimated Fair Value
Measurements
(In thousands)
Balance
Sheet
Locations
Carrying
Value
Quoted
Prices In
Active
Markets
(Level 1)
Significant
Other
Observable
Inputs
(Level 2)
Significant
Unobservable
Inputs
(Level 3)
Carrying
Value
Estimated
Fair
Value
Financial Assets:
Deferred
compensation
trust assets
Long-term
marketable
securities $ 10,859 $ 10,859 $ — $ — $ 9,985 $ 9,985
Investments in
marketable
securities
Marketable
securities
and Long-
term
marketable
securities 129,724 40,373 89,351 — 122,201 122,201
Fuel swap
contracts:
Current
Prepaid
expenses
and other
assets 5,813 — — 5,813 7,840 7,840
Noncurrent
Other
assets 836 — — 836
Total financial
assets $147,232 $ 51,232 $ 89,351 $ 6,649 $140,026 $ 140,026
Financial
Liabilities:
Fuel swap
contracts:
Current
Other
accrued
liabilities $ — $ — $ — $ — $ 924 $ 924
Interest rate swap
contracts
Other long-
term
obligations 50,085 — 50,085 — 54,120 54,120
Total financial
liabilities $ 50,085 $ — $ 50,085 $ — $ 55,044 $ 55,044
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