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FAIR VALUE MEASUREMENTS (Tables)
6 Months Ended
Jun. 30, 2014
FAIR VALUE MEASUREMENTS  
Schedule of assets or liabilities measured and recorded at estimated fair value on a recurring basis

 

 

 

 

 

 

Estimated Fair Value Measurements

 

Items Measured at Fair Value on a Recurring

 

Carrying

 

Quoted Prices
in Active
Markets

 

Significant
Other
Observable
Inputs

 

Significant
Unobservable
Inputs

 

Basis

 

Value

 

(Level 1)

 

(Level 2)

 

(Level 3)

 

 

 

(in thousands)

 

June 30, 2014:

 

 

 

 

 

 

 

 

 

Assets:

 

 

 

 

 

 

 

 

 

Interest rate cap

 

$

1

 

 

$

1

 

 

 

 

 

 

 

 

 

 

 

 

Liabilities:

 

 

 

 

 

 

 

 

 

Interest rate swap

 

$

1,387

 

 

$

1,387

 

 

 

 

 

 

 

 

 

 

 

 

Acquisition-related liability

 

$

992

 

 

 

$

992

 

 

 

 

 

 

 

 

 

 

 

December 31, 2013:

 

 

 

 

 

 

 

 

 

Assets:

 

 

 

 

 

 

 

 

 

Interest rate cap

 

$

27

 

$

 

$

27

 

$

 

Schedule of changes in the acquisition-related contingent consideration obligation

The following table represents the change in the acquisition-related contingent consideration obligation during the three months ended June 30, 2014 (there was no activity in Level 3 during the three months ended March 31, 2014):

 

 

 

Fair Value
Measurements Using

Significant
Unobservable Inputs

(Level 3)

 

 

 

(in thousands)

 

 

 

 

 

Beginning balance March 31, 2014

 

$

 

Increase in fair value related to Minus 10 acquisition

 

933

 

Increase in fair value related to accretion of obligation

 

59

 

Ending balance June 30, 2014

 

$

992