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Financial Instruments and Fair Value Measurements (Tables)

6 Months Ended

12 Months Ended

Jun. 30, 2013

Dec. 31, 2012

Fair Value Measurements for Assets at Fair Value on Recurring Basis

The following table summarizes fair value measurements by level at June 30, 2013 and December 31, 2012 for assets measured at fair value on a recurring basis:


(Dollar amounts in thousands)	Level 1		Level 2		Level 3		Total
June 30, 2013
Financial assets:
Indemnification assets:
Software cost reimbursement	$	—	$	—	$	4,540	$	4,540

December 31, 2012
Financial assets:
Indemnification assets:
Software cost reimbursement	$	—	$	—	$	6,099	$	6,099

The following table summarizes fair value measurements by level at December 31, 2012 and 2011, for assets measured at fair value on a recurring basis:


	December 31, 2012								December 31, 2011
(Dollar amounts in thousands)	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
Financial assets:
Indemnification assets:
Software cost reimbursement	$	—	$	—	$	6,099	$	6,099	$	—	$	—	$	7,113	$	7,113
Expected reimbursement		—		—		—		—		—		—		351		351

Carrying Value and Estimated Fair Values for Financial Instruments

The following table presents the carrying value, as applicable, and estimated fair values for financial instruments at June 30, 2013 and December 31, 2012:


	June 30, 2013				December 31, 2012
(Dollar amounts in thousands)	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Financial assets:
Indemnification assets:
Software cost reimbursement	$	4,540	$	4,540	$	6,099	$	6,099

Financial liabilities:
New senior secured term loans	$	693,738	$	694,900	$	—	$	—
Senior secured term loan		—		—		484,414		497,498
Senior notes		—		—		252,347		275,550

The following table presents the carrying value, as applicable, and estimated fair values for financial instruments at December 31, 2012 and 2011:


	December 31, 2012				December 31, 2011
(Dollar amounts in thousands)	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Financial assets:
Indemnification assets
Software cost reimbursement	$	6,099	$	6,099	$	7,113	$	7,113
Expected reimbursements		—		—		351		351
Financial liabilities:
Senior secured term loan	$	484,414	$	497,498	$	313,333	$	317,979
Senior notes		252,347		275,550		210,500		213,921

Summary of Change in Fair Value of Level Three Assets

The following table provides a summary of the change in fair value of the Company’s Level 3 assets:


	Three months ended June 30,						Six months ended June 30,
(Dollar amounts in thousands)	2013			2012			2013			2012
Indemnification assets:
Beginning balance	$	5,558		$	6,580		$	6,099		$	7,464
Payments received		(1,021	)		(419	)		(1,578	)		(1,128	)
Unrealized gain (loss) recognized in other expenses		3			(41	)		19			(216	)

Ending balance	$	4,540		$	6,120		$	4,540		$	6,120

The following table provides a summary of the change in fair value of the Company’s Level 3 assets:


(Dollar amounts in thousands)	Indemnification Assets			Derivative Assets
Balance—December 31, 2010	$	14,836		$	4,960
Payments received		(7,080	)		—
Unrealized loss recognized in other expenses		(292	)		—
Net settlement of derivative		—			(3,561	)
Realized loss on derivative		—			(1,399	)

Balance—December 31, 2011	$	7,464		$	—

Payments received		(2,331	)		—
Unrealized gain recognized in other expenses		966			—

Balance—December 31, 2012	$	6,099		$	—

- Definition

Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset.

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- Definition

Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities.

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