Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurements (Tables)

v2.4.0.8
Fair Value Measurements (Tables)
 9 Months Ended
Sep. 30, 2014
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 September 30, 2014 and December 31, 2013 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 September 30, 2014
   
Fair Value December 31, 2013
 
Non-COLI assets held in DSC Plan
Other assets
Level 1
  
$
238
    
$
198
  
Interest rate swaps
Accrued expenses
Level 2
    
-
    
$
326
  
Earn-out obligation - current
Current portion of earn-out obligations
Level 3
  
$
9,154
      
-
  
Earn-out obligation - long-term
Earn-out obligations
Level 3
    
-
    
$
9,062
  
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, 2013
  
$
-
    
$
9,062
    
$
9,062
  
Earn-out payments
    
-
      
(2,666
)
    
(2,666
)
Fair value adjustment included in earnings
    
-
      
2,758
      
2,758
  
Reclassification from long-term to short-term
    
9,154
      
(9,154
)
    
-
  
Balance as of September 30, 2014
  
$
9,154
      
-
    
$
9,154