FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)

9 Months Ended

Sep. 30, 2016

FAIR VALUE AND DERIVATIVE INSTRUMENTS

Schedule of carrying amount, fair values and classification of financial instruments measured or disclosed at fair value on a recurring basis

The following table presents the carrying amount, fair values, and classification level within the fair value hierarchy of financial instruments measured or disclosed at fair value on a recurring basis (in thousands):

	September 30, 2016				December 31, 2015				Level of Fair Value Hierarchy
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Assets:
Cash and cash equivalents	$	22,943	$	22,943	$	32,774	$	32,774	Level 1
Restricted cash	3,423		3,423		2,192		2,192		Level 1
Foreign currency forward contracts	414		414		163		163		Level 2
Liabilities:
Variable interest rate debt	8,625		8,625		11,606		11,606		Level 2
Foreign currency forward contracts	264		264		418		418		Level 2