Contingent Consideration (Tables)

9 Months Ended

Sep. 30, 2013

Commitments and Contingencies Disclosure [Abstract]

Schedule of Business Acquisitions by Acquisition, Contingent Consideration [Table Text Block]

The Company’s estimate of the fair value of the contingent payments as recorded in the Consolidated Condensed Balance Sheets (Unaudited) was as follows:

	September 30,		December 31,
	2013		2012
	(Dollars in thousands)
Current portion	$	-	$	1,270
Long-term portion		5,028		4,991
Total contingent consideration	$	5,028	$	6,261

The following table summarizes the activity during 2013 related to the contingent payments as recorded in the accompanying unaudited financial statements (dollars in thousands):

Balance as of December 31, 2012	$	6,261
Payment to the former shareholders of Bogs		(1,270)
Interest expense		37
Balance as of September 30, 2013	$	5,028