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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
9 Months Ended
Sep. 30, 2015
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES  
Summary of assets and liabilities measured at fair value on a recurring basis

 

 

 

Basis of Fair Value Measurements

 

 

 

September 30, 2015

 

 

 

Level 1

 

Level 2

 

Level 3

 

Total

 

Assets:

 

 

 

 

 

 

 

 

 

Cash equivalents

 

$

20 

 

$

 

$

 

$

20 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

$

20 

 

$

 

$

 

$

20 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Liabilities:

 

 

 

 

 

 

 

 

 

Contingent consideration (1)

 

$

 

$

 

$

3,648 

 

$

3,648 

 

Long-term debt , including current portion

 

 

 

51,410 

 

51,410 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

 

$

 

$

55,058 

 

$

55,058 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basis of Fair Value Measurements

 

 

 

December 31, 2014

 

 

 

Level 1

 

Level 2

 

Level 3

 

Total

 

Assets:

 

 

 

 

 

 

 

 

 

Cash equivalents

 

$

20 

 

$

 

$

 

$

20 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

$

20 

 

$

 

$

 

$

20 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Liabilities:

 

 

 

 

 

 

 

 

 

Contingent consideration (1)

 

$

 

$

 

$

4,825 

 

$

4,825 

 

Long-term debt , including current portion

 

 

 

53,412 

 

53,412 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

 

$

 

$

58,237 

 

$

58,237 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(1)

The short-term portion is included in “Accrued expenses.”  The long-term portion is included in “Other liabilities.”

Schedule of change in the contingent consideration liability

 

 

 

Nine months Ended
September 30,

 

 

 

2015

 

2014

 

Beginning Balance

 

$

4,825

 

$

4,085

 

Payment of contingent consideration

 

(2,322

)

(1,633

)

Acquisitions

 

986

 

1,989

 

Change in fair value of contingent consideration

 

220

 

368

 

Accretion of contingent consideration

 

172

 

35

 

Impact of currency translation

 

(233

)

(130

)

 

 

 

 

 

 

Ending Balance

 

$

3,648

 

$

4,714