Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2013

		As of December 31, 2013

				Estimated Fair Value Measurements
(In thousands)	Statement of Financial Position Location	Carrying Value		Quoted Prices In Active Markets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Financial Assets:
Deferred compensation trust assets	Long-term marketable securities	$	12,476	$	12,476	$	—	$	—
Investments in marketable securities	Marketable securities and Long-term marketable securities		136,156		60,753		75,403		—
Fuel swap contracts:
Current	Prepaid expenses and other assets		963		—		—		963


Total financial assets		$	149,595	$	73,229	$	75,403	$	963

		As of December 31, 2012

				Estimated Fair Value Measurements
(In thousands)	Statement of Financial Position Location	Carrying Value		Quoted Prices In Active Markets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Financial Assets:
Deferred compensation trust assets	Long-term marketable securities	$	11,987	$	11,987	$	—	$	—
Investments in marketable securities	Marketable securities and Long-term marketable securities		133,816		45,152		88,664		—
Fuel swap contracts:
Current	Prepaid expenses and other assets		1,957		—		—		1,957


Total financial assets		$	147,760	$	57,139	$	88,664	$	1,957




Financial Liabilities:
Fuel swap contracts:
Current	Other accrued liabilities	$	113	$	—	$	—	$	113
Interest rate swap contracts	Other accrued liabilities(1)		7,349		—		7,349		—


Total financial liabilities		$	7,462	$	—	$	7,349	$	113

		As of December 31, 2013

				Estimated Fair Value Measurements
(In thousands)	Statement of Financial Position Location	Carrying Value		Quoted Prices In Active Markets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
TruGreen Trade Name(1)	Intangible assets, primarily trade names, service marks and trademarks, net	$	351,000	$	—	$	—	$	351,000
TruGreen Goodwill(2)	Goodwill		—		—		—		—

(1): In 2013, the Company recognized a non-cash impairment charge of $255.8 million to reduce the carrying value of the TruGreen trade name to its fair value of $351.0 million. See Note 1 for further information regarding the factors that led to the completion of the interim impairment analysis along with a description of the methodology, assumptions and significant unobservable inputs used to estimate the fair value of the TruGreen trade name.
(2): In 2013, the Company recognized a non-cash impairment charge of $417.5 million to reduce the carrying value of TruGreen's goodwill to its implied fair value of zero. See Note 1 for further information regarding the factors that led to the completion of the interim impairment analysis along with a description of the methodology, assumptions and significant unobservable inputs used to estimate the fair value of TruGreen's goodwill.

(In thousands)	Fuel Swap Contract (Liabilities) Assets

Balance as of December 31, 2011	$	(733	)
Total gains (losses) (realized and unrealized):
Included in earnings		1,944
Included in accumulated other comprehensive income		2,577
Settlements, net		(1,944	)


Balance as of December 31, 2012		1,844
Total gains (realized and unrealized):
Included in earnings		1,472
Included in accumulated other comprehensive income		(881	)
Settlements, net		(1,472	)


Balance as of December 31, 2013	$	963

Item		Fair Value as of December 31, 2013 (in thousands)			Valuation Technique		Unobservable Input		Range		Weighted Average

Fuel swap contracts		$	963		Discounted Cash Flows		Forward Unleaded Price per Gallon(1)		$3.20 - $3.87		$	3.60

Item	Fair Value as of December 31, 2012 (in thousands)		Valuation Technique	Unobservable Input	Range	Weighted Average

Fuel swap contracts	$	1,844	Discounted Cash Flows	Forward Unleaded Price per Gallon(1)	$3.36 - $3.73	$	3.55
				Forward Diesel Price per Gallon(1)	$3.88 - $3.96	$	3.90

(1): Forward price per gallon for unleaded and diesel were derived from third-party market data providers. A decrease in the forward price would result in a decrease in the fair value of the fuel swap contracts.



	Effective Portion of Gain Recognized in Accumulated Other Comprehensive Income (Loss)
(In thousands)
Derivatives designated as Cash Flow Hedge Relationships						Location of Gain (Loss) included in Earnings
Derivatives designated as Cash Flow Hedge Relationships	Year ended December 31, 2013					Location of Gain (Loss) included in Earnings
Fuel swap contracts		(881	)	1,472		Cost of services rendered and products sold
Interest rate swap contracts		4,631		(4,731	)	Interest expense

			Effective Portion of Gain (Loss) Reclassified from Accumulated Other Comprehensive Income (Loss) into Income

	Effective Portion of Gain Recognized in Accumulated Other Comprehensive Income (Loss)
Derivatives designated as Cash Flow Hedge Relationships						Location of (Loss) Gain included in Income
Derivatives designated as Cash Flow Hedge Relationships	Year ended December 31, 2012					Location of (Loss) Gain included in Income
Fuel swap contracts	$	2,577	$	1,944		Cost of services rendered and products sold
Interest rate swap contracts	$	17,114	$	(21,898	)	Interest expense

SERVICEMASTER CO, LLC 10-K