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FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)
6 Months Ended
Jun. 30, 2011
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis
The following table presents information about the Company’s financial assets and liabilities that are measured at fair value on a recurring basis as of June 30, 2011 and December 31, 2010, and indicates the fair value hierarchy of the valuation techniques the Company utilized to determine such fair value. In general, fair values determined by Level 1 inputs utilize quoted prices (unadjusted) in active markets for identical assets or liabilities and fair values determined by Level 2 inputs utilize quoted prices (unadjusted) in inactive markets for identical assets or liabilities obtained from readily available pricing sources for similar instruments. The fair values determined by Level 3 inputs are unobservable values which are supported by little or no market activity. Investments include $20,266 of long-term U.S. government backed securities that have been classified in investments and other assets on the condensed consolidated balance sheet at June 30, 2011. Investments include $3,500 of long-term U.S. government backed securities and $2,081 of long-term corporate bonds that have been classified in investments and other assets on the condensed consolidated balance sheet at December 31, 2010.
                                 
    Fair Value Measurements At June 30, 2011, Using        
    Level 1     Level 2     Level 3     Total  
Cash and cash equivalents:
                               
Money market
  $ 28,932     $     $     $ 28,932  
Available-for-sale investments:
                               
Commerical paper
          11,099             11,099  
Corporate bonds
          43,939             43,939  
U.S. government backed securities
          22,266             22,266  
 
                       
Total assets
  $ 28,932     $ 77,304     $     $ 106,236  
 
                       
 
                               
Accrued contingent consideration
  $     $     $ (2,321 )   $ (2,321 )
 
                       
Total liabilities
  $     $     $ (2,321 )   $ (2,321 )
 
                       
 
    Fair Value Measurements as of December 31, 2010, Using        
    Level 1     Level 2     Level 3     Total  
Cash and cash equivalents:
                               
Money market
  $ 10,799     $     $     $ 10,799  
Corporate bonds
            577               577  
Available-for-sale investments:
                             
Commercial paper
          29,642             29,642  
Corporate bonds
          40,676             40,676  
U.S. government backed securities
          15,494             15,494  
 
                       
Total assets
  $ 10,799     $ 86,389     $     $ 97,188  
 
                       
 
                               
Accrued contingent consideration
  $     $     $ (4,655 )   $ (4,655 )
Interest rate swap derivative contract
          (490 )           (490 )
 
                       
Total liabilities
  $     $ (490 )   $ (4,655 )   $ (5,145 )
 
                       
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation
                                 
    Three Months     Three Months     Six Months     Six Months  
    Ended June 30,     Ended June 30,     Ended June 30,     Ended June 30,  
    2011     2010     2011     2010  
Balance beginning of period
  $ 2,211     $ 5,100     $ 4,655     $ 5,100  
Payments
                (2,558 )      
Change in fair value (included in G&A expenses)
    110       304       224       304  
 
                       
 
                               
Balance end of period
  $ 2,321     $ 5,404     $ 2,321     $ 5,404