Fair Value Measurements

12 Months Ended

Dec. 31, 2012

Fair Value Disclosures [Abstract]

Fair Value Disclosures [Text Block]

Note 2—Fair Value Measures

The Company values company-owned life insurance policies, various deferred compensation assets and liabilities, acquisition-related consideration and an obligation related to a non-competition agreement and previously valued its interest rate swaps at fair value. The Company's assets and liabilities subject to fair value measurement are as follows (in thousands):

				Fair Value Measurements at December 31, 2012
		Fair Value		Using Fair Value Hierarchy
		as of
Assets		December 31, 2012		Level 1		Level 2		Level 3
Company-owned life insurance		$	1,653	$	0	$	1,653	$	0
Company-owned life insurance - Deferred compensation assets			437		0		437		0
Other deferred compensation assets
	Large capitalization registered investment companies		62		62		0		0
	Mid capitalization registered investment companies		6		6		0		0
	Small capitalization registered investment companies		9		9		0		0
	International developed and emerging markets registered investment
companies			37		37		0		0
	Fixed income registered investment companies		8		8		0		0
Total		$	2,212	$	122	$	2,090	$	0

				Fair Value Measurements at December 31, 2012
		Fair Value		Using Fair Value Hierarchy
		as of
Liabilities		December 31, 2012		Level 1		Level 2		Level 3
Deferred compensation liabilities
	Large capitalization registered investment companies	$	336	$	336	$	0	$	0
	Mid capitalization registered investment companies		88		88		0		0
	Small capitalization registered investment companies		72		72		0		0
	International developed and emerging markets registered investment
companies			187		187		0		0
	Fixed income registered investment companies		48		48		0		0
	Fixed general account		173		0		173		0
Acquisition-related consideration			4,901		0		0		4,901
Total		$	5,805	$	731	$	173	$	4,901

				Fair Value Measurements at December 31, 2011
		Fair Value		Using Fair Value Hierarchy
		as of
Assets		December 31, 2011		Level 1		Level 2		Level 3
Company-owned life insurance		$	1,508	$	0	$	1,508	$	0
Company-owned life insurance - Deferred compensation assets			487		0		487		0
Other deferred compensation assets
	Large capitalization registered investment companies		64		64		0		0
	Mid capitalization registered investment companies		4		4		0		0
	Small capitalization registered investment companies		7		7		0		0
	International developed and emerging markets registered investment
companies			32		32		0		0
	Fixed income registered investment companies		8		8		0		0
Total		$	2,110	$	115	$	1,995	$	0

				Fair Value Measurements at December 31, 2011
		Fair Value		Using Fair Value Hierarchy
		as of
Liabilities		December 31, 2011		Level 1		Level 2		Level 3
Deferred compensation liabilities
	Large capitalization registered investment companies	$	318	$	318	$	0	$	0
	Mid capitalization registered investment companies		83		83		0		0
	Small capitalization registered investment companies		68		68		0		0
	International developed and emerging markets registered investment
companies			168		168		0		0
	Fixed income registered investment companies		50		50		0		0
	Fixed general account		177		0		177		0
Interest rate derivatives			418		0		418		0
Acquisition-related consideration			8,898		0		0		8,898
Total		$	10,180	$	687	$	595	$	8,898

The fair values of Company-owned life insurance (“COLI”) and COLI deferred compensation assets are based on quotes for like instruments with similar credit ratings and terms. The fair values of other deferred compensation assets and liabilities are based on quoted prices in active markets. The fair values of interest rate derivatives were based on quoted market prices from various banks for similar instruments. The fair value of the Summitearnout is based on unobservable inputs and is classified as Level 3. Significant inputs and assumptions are management's estimate of the probability of the earnout ultimately being met/paid and the discount rate used to present value the liability. The fair value of the G.W. Smith, Tecniquimia and NP Coil Dexter holdbacks and the obligation related to a non-competition agreement are also based on unobservable inputs and are classified as Level 3. The significant input or assumption for both the obligation related to the non-competition agreement and the holdbacks is management's estimate of the discount rate used to present value the liabilities. Significant changes in any Level 3 input or assumption in isolation would result in increases or decreases to the fair value measurements for the holdbacks, the earnout and the obligation related to the non-competition agreement.

Changes in the fair value of the Level 3 liabilities during the year ended December 31,2012were as follows:

						Non-competition
		Earnout		Hold-back		Agreement		Hold-back		Hold-back
		Summit		Tecniquimia		Obligation		GW Smith		NP Coil Dexter		Total
Balance at December 31, 2011		$	5,444	$	1,877	$	675	$	902	$	0	$	8,898
	Acquisitions		0		0		0		0		927		927
	Interest accretion		790		123		42		98		71		1,124
	Change in fair value estimate		(1,737)		0		0		0		(1,033)		(2,770)
	Payments		0		(2,000)		(313)		(1,000)		0		(3,313)
	Currency exchange adjustment		0		0		0		0		35		35
Balance at December 31, 2012		$	4,497	$	0	$	404	$	0	$	0	$	4,901

Quantitative information about the Company's Level 3 fair value measurements at December 31,2012were as follows:

	Fair value at December 31, 2012	Valuation technique	Unobservable input	Input value
Summit earnout	4,497	Discounted cash flow	Discount rate	14.5%
Non-competition agreement obligation	404	Discounted cash flow	Discount rate	14.0%

The fair value of the Summit earnout is based on the weighted average probability of the outcome of different payout scenarios. As ofDecember 31,2012, the probabilities applied to the payout scenarios ranged from 20% to 50%, depending on the Company's estimate of the likelihood of each payout scenario.