9. Debt

Long-term debt obligations consist of (dollars in thousands):


	June 30, 2013			December 31, 2012
Third party debt	$	2,265		$	—
Debt obligations maturing within one year		(861	)		—

Long-term obligations (less current portion)	$	1,404		$	—

In April 2013, we purchased excimer lasers for all of our full-service vision centers for $2.3 million, which we had previously leased, through a vendor financed transaction. The terms of the financing provide for monthly payments over a 36-month term at a fixed interest rate of 3.5%.

The financing agreement does not contain any financial covenants and is secured by the excimer lasers. The estimated fair value of our debt obligations is $2.1 million based on the present value of the underlying cash flows discounted at our incremental borrowing rate. Within the hierarchy of fair value measurements, this is a Level 3 fair value measurement. The financing agreement represents a significant financing activity which affected recognized assets and liabilities by $2.3 million, but did not result in any cash receipts or payments within the period ending June 30, 2013.