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Fair Value of Financial Instruments (Tables)
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Fair Value Disclosures [Abstract]    
Fair Value, Assets Measured on Recurring Basis
The following table summarizes the fair value measurements as of December 31, 2013 for the Company's financial instruments (in thousands):
 
Fair Value Measurements as of December 31, 2013
Total
 
Level 1
 
Level 2
 
Level 3
Cash surrender value of life insurance contracts (A)
$
1,866

 
$

 
$
1,866

 
$

Deferred compensation liability (A)
(1,276
)
 


 
(1,276
)
 


Foreign currency forward contracts
(169
)
 

 
(169
)
 

Contingent consideration liability
(390
)
 

 

 
(390
)
Total
$
31

 
$

 
$
421

 
$
(390
)
The following table summarizes the fair value measurements as of December 31, 2012, for the Company’s financial instruments (in thousands):
 
Fair Value Measurements as of December 31, 2012
Total
 
Level 1
 
Level 2
 
Level 3
Cash surrender value of life insurance contracts
$
3,398

 

 
$
3,398

 
$

Deferred compensation liability 
(1,395
)
 


 
(1,395
)
 


Foreign currency forward contracts
(297
)
 

 
(297
)
 

Contingent consideration liability
(2,541
)
 

 

 
(2,541
)
Total
$
(835
)
 
$

 
$
1,706

 
$
(2,541
)
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation
The following table summarizes level 3 activity for the Company's contingent consideration liability (in thousands): 
 
Fair Value
Contingent Consideration
Balance at December 31, 2011
$
7,594

Additions

Decrease in liability due to re-measurement
(5,910
)
Accretion
857

Balance at December 31, 2012
$
2,541

Additions

Decrease in liability due to re-measurement
(1,891
)
Payments
(447
)
Accretion
187

Balance at December 31, 2013
$
390