Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurements (Tables)

v2.4.0.8
Fair Value Measurements (Tables)
 6 Months Ended
Jun. 30, 2013
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 June 30, 2013 and December 31, 2012 and the level they fall within the fair value hierarchy (in thousands):
 
Amounts Recorded at Fair Value
Financial Statement Classification
Fair Value Hierarchy
  
Fair Value June 30, 2013
   
Fair Value December 31, 2012
 
Non-COLI assets held in DSC Plan
Other assets
Level 1
  
$
156
    
$
120
  
Interest rate swaps
Accrued expenses
Level 2
  
$
701
    
$
1,194
  
Earn-out obligation - current
Accrued expenses
Level 3
  
$
215
    
$
-
  
Earn-out obligation - long-term
Earn-out obligations
Level 3
  
$
8,941
    
$
9,098
  

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).

 
  
Current portion
    
Long-term portion
    
Total
  
Balance as of December 31, 2012
  
$
-
    
$
9,098
    
$
9,098
  
Fair value adjustment included in earnings
    
-
      
58
      
58
  
Reclassification from long-term to short-term
    
215
      
(215
)
    
-
  
Balance as of June 30, 2013
  
$
215
    
$
8,941
    
$
9,156