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FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)
12 Months Ended
Dec. 31, 2015
Fair Value Disclosures [Abstract]  
Schedule of indefinite lived intangible assets recorded at fair value on a recurring basis
The following table represents the assets and liabilities, measured at fair value on a recurring basis and the basis for that measurement (in thousands):
 
Fair Value as of December 31, 2015
 
Fair Value as of December 31, 2014
 Liabilities:
Level 1
 
Level 2
 
Level 3
 
Total
 
Level 1
 
Level 2
 
Level 3
 
Total
Contingent purchase price payment
$

 
$

 
$
11,000

 
$
11,000

 
$

 
$

 
$
16,000

 
$
16,000

Fair Value Measurements, Nonrecurring
The following table represents non-recurring fair value amounts (as measured at the time of adjustment) for those assets remeasured to fair value on a nonrecurring basis as of October 1, 2015 (in thousands):
 
 
Fair Value Measurements
 
 
at December 31, 2015
Description
 
Total
 
Level 1
 
Level 2
 
Level 3
 
Total Impairment
Edelman Leather tradename (1)
 
$
6,500

 

 

 
$
6,500

 
$
10,650