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FAIR VALUE MEASUREMENTS (Tables)
12 Months Ended
Dec. 31, 2015
FAIR VALUE MEASUREMENTS  
Schedule of assets and liabilities measured and recorded at fair value on a recurring basis

 

        As of December 31, 2015 and 2014, our assets and liabilities that are measured and recorded at fair value on a recurring basis were as follows (in thousands):

                                                                                                                                                                                    

 

 

 

 

Fair Value Measurements

 

 

 

 

 

Quoted
Prices
in Active
Markets

 

Significant
Other
Observable
Inputs

 

 

 

 

 

 

 

Significant
Unobservable
Inputs

 

 

 

Carrying
Value

 

 

 

(Level 1)

 

(Level 2)

 

(Level 3)

 

December 31, 2015:

 

 

 

 

 

 

 

 

 

 

 

 

 

Liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest rate swap

 

$

3,856 

 

$

 

$

3,856 

 

$

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

December 31, 2014:

 

 

 

 

 

 

 

 

 

 

 

 

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest rate cap

 

$

 

$

 

$

 

$

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest rate swap

 

$

2,451 

 

$

 

$

2,451 

 

$

 

Acquisition-related contingent consideration          

 

 

1,116 

 

 

 

 

 

 

1,116 

 

​  

​  

​  

​  

​  

​  

​  

​  

Total Liabilities

 

$

3,567 

 

$

 

$

2,451 

 

$

1,116 

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

 

Schedule of change in the acquisition-related contingent consideration

 

        The following table represents the change in the acquisition-related contingent consideration obligation during the years ended December 31, 2015 and 2014 (in thousands):

                                                                                                                                                                                    

 

 

Fair Value
Measurements
Using Significant
Unobservable
Inputs
(Level 3)

 

 

 

2015

 

2014

 

Beginning balance January 1

 

$

1,116

 

$

2,580

 

Present value accretion

 

 

103

 

 

189

 

Payments

 

 

(37

)

 

(3,728

)

Fair value related adjustments

 

 

(1,182

)

 

2,075

 

​  

​  

​  

​  

Ending balance December 31

 

$

 

$

1,116

 

​  

​  

​  

​  

​  

​  

​  

​