FAIR VALUE AND DERIVATIVE INSTRUMENTS (Tables)

6 Months Ended

Jun. 30, 2012

FAIR VALUE AND DERIVATIVE INSTRUMENTS

Schedule of fair value on Consolidated Balance Sheets of the foreign currency forward contracts

	June 30, 2012
	Total			Level 1		Level 2			Level 3
	(in thousands)
Cash and cash equivalents	$	16,149		$	16,149	$	—		$	—
Restricted cash	4,627			4,627		—			—
Notes payable to bank	(13,020		)	—		(13,020		)	—
Variable interest rate debt	(8,566		)	—		(8,566		)	—
Foreign currency forward contracts, net	(139		)	—		(139		)	—

	December 31, 2011
	Total			Level 1		Level 2			Level 3
	(in thousands)
Cash and cash equivalents	$	21,736		$	21,736	$	—		$	—
Restricted cash	4,575			4,575		—			—
Notes payable to bank	(12,969		)	—		(12,969		)	—
Variable interest rate debt	(8,568		)	—		(8,568		)	—
Foreign currency forward contracts, net	(1,053		)	—		(1,053		)	—

Schedule of derivative financial instruments qualifying and designated as hedges

	June 30, 2012				December 31, 2011
	Notional Amount		Unrealized Loss		Notional Amount		Unrealized Loss
	(in thousands)
Foreign currency forwards	$	40,348	$	148	$	48,802	$	1,017

Schedule of fair value on Consolidated Balance Sheets of the foreign currency forward contracts

	June 30,			December 31,
	2012			2011
	(in thousands)
Foreign currency forwards designated as hedges:
Other current assets	$	110		$	334
Accrued expenses	(258		)	(1,351		)
Foreign currency forwards not designated as hedges:
Other current assets	143			315
Accrued expenses	(134		)	(351		)
Foreign currency forwards, net	$	(139	)	$	(1,053	)