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Fair Value
12 Months Ended
Dec. 31, 2012
Fair Value Disclosures [Abstract]  
Fair Value
Fair Value

The fair value of financial instruments is the amount at which the instrument could be exchanged in a current transaction between willing parties.  Due to their short term nature, we believe that the carrying value of our accounts receivables, other current assets, accounts payables and other current liabilities approximate their fair values. We have a note receivable in the amount of $46,000, for which we believe that the carrying value approximates its fair value, and which bears interest at 10%. In addition, we have a long-term receivable in the amount of $1.4 million, which we believe that the carrying value of this receivable approximates its fair value.

The fair value of the Company’s reporting units (as needed for purposes of determining indications of impairment to the carrying value of goodwill) is determined using a weighted average of valuations based on market multiples, discounted cash flows, and consideration of our market capitalization.  In 2012, we acquired the assets of West Construction, which requires the fair value of the earnout liability to be re-assessed on a not less than quarterly basis. In the first quarter of 2013, the Company performed this re-assessment and did not change the fair value of its liability of $271,000.

The fair value of the Company's debt at March 31, 2013 and December 31, 2012 approximated its carrying value of $9.7 million and $12.6 million, respectively, as interest is based on current market interest rates for debt with similar risk and maturity. If the Company's debt was measured at fair value, it would have been classified as Level 2 in the fair value hierarchy.