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Summary of Business and Significant Accounting Policies (Tables)
3 Months Ended
Mar. 31, 2013
Reconciliation Between Beginning and Ending Balances of Items Measured at Fair Value on Recurring Basis that Used Significant Unobservable Inputs

The following table provides a reconciliation between the beginning and ending balances of items measured at fair value on a recurring basis that used significant unobservable inputs (Level 3) (dollars in thousands):

 

     Contingent
Consideration
FBM
     Contingent
Consideration
CS
     Contingent
Consideration
BCI
 

Balances at December 31, 2012

   $ 330       $ 6,488       $ 11,772   

Gains or losses included in earnings:

        

Loss on revaluation of contingent consideration

     —           183         191   
  

 

 

    

 

 

    

 

 

 

Balances at March 31, 2013

   $ 330       $ 6,671       $ 11,963   
  

 

 

    

 

 

    

 

 

 
Significant Unobservable Inputs Used in Fair Value Measurement of Contingent Consideration

The significant unobservable inputs used in the fair value measurement of the Company’s contingent consideration designated as Level 3 are as follows:

 

     Fair Value at
March 31, 2013
    

Valuation

Technique

  

Significant

Unobservable

Input

     (in thousands, unaudited)            

Contingent consideration - FBM

   $ 330       Discounted cash flow    Annualized revenue and probability of achievement

Contingent consideration - CS

   $ 6,671       Discounted cash flow    Annualized revenue and probability of achievement

Contingent consideration - BCI

   $ 11,963       Discounted cash flow    Annualized revenue and probability of achievement