Annual report pursuant to Section 13 and 15(d)

Fair Value Measurements (Tables)

v2.4.0.6
Fair Value Measurements (Tables)
 12 Months Ended
Dec. 31, 2012
Fair Value Measurements [Abstract]  
Fair Value of Assets and Liabilities
The following table summarizes the financial assets and liabilities measured at fair value on a recurring basis as of December 31, 2012 and December 31, 2011 and the level they fall within the fair value hierarchy (in thousands):

Amounts Recorded
at Fair Value
 
Financial Statement Classification
 
Fair Value Hierarchy
December 31,
2012
December 31,
2011
Non-COLI assets held in DSC Plan
Other assets
Level 1
$120
$300
 
 
 
 
 
Interest rate swaps
Accrued expenses
Level 2
$ 1,194
$1,122
 
 
 
 
 
Earn-out obligation - current
Accrued expenses
Level 3
$-
$4,153
 
 
 
 
 
Earn-out obligations - long-term
Earn-out obligations
Level 3
$9,098
$16,415

Fair Value Reconciliation, Unobservable Inputs
The following table provides a reconciliation of the beginning and ending balance of the earn-out obligations measured at fair value on a recurring basis that used significant unobservable inputs (Level 3).

Earn-out obligations
  
Current portion
    
Long-term portion
    
Total
  
Balance as of December 31, 2011
  
$
4,153
    
$
16,415
    
$
20,568
  
Earn-out payments
    
(7,133
)
    
-
      
(7,133
)
Fair value adjustment included in earnings
    
-
      
(4,337
)
    
(4,337
)
Reclassification from long-term to short-term
    
2,980
      
(2,980
)
    
-
  
Balance as of December 31, 2012
  
$
-
    
$
9,098
    
$
9,098