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Debt (Tables)
3 Months Ended
Mar. 31, 2013
Components of Debt, Obligations, Weighted Average Interest Rate and Additional Fair Value Information Relating to Outstanding Debt Instruments

The Company records debt at its carrying amount. The Company uses a market approach to determine fair value, which results in a Level 2 fair value measurement. The following table provides the components of debt, obligations, weighted average interest rate and additional fair value information relating to the Company’s outstanding debt instruments (in thousands, except percentages):

 

 

  

March 31, 2013

 

 

December 31, 2012

 

 

  

Carrying
Amount

 

  

Fair
Value

 

  

Weighted
Average
Interest
Rate

 

 

Carrying
Amount

 

  

Fair
Value

 

  

Weighted
Average
Interest
Rate

 

Notes payable

  

$

10,431

  

  

$

10,431

  

  

 

 

 

 

$

12,003

  

  

$

12,003

  

  

 

 

 

Notes payable related to OCU acquisition

  

 

3,710

  

  

 

3,710

  

  

 

1.50

 

 

-

  

  

 

-

  

  

 

 

 

Short-term debt

  

 

5,250

  

  

 

5,250

  

  

 

5.00

 

 

5,000

  

  

 

4,892

  

  

 

2.20

Total short-term debt

  

$

8,960

  

  

$

8,960

  

  

 

 

 

 

$

5,000

  

  

$

4,892

  

  

 

 

 

Long-term notes payable related to OCU acquisition

  

 

7,420

  

  

 

7,420

  

  

 

1.50

 

 

-

  

  

 

-

  

  

 

 

 

Long-term debt

  

 

34,750

  

  

 

34,750

  

  

 

4.91

 

 

17,167

  

  

 

16,336

  

  

 

2.20

Total long-term debt

  

$

42,170

  

  

$

42,170

  

  

 

 

 

 

$

17,167

  

  

$

16,336