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Fair Value
9 Months Ended
Sep. 30, 2014
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, the Company believes that the carrying value of its accounts receivables, other current assets, accounts payables and other current liabilities approximate their fair values.

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.  

The fair value of the Company's debt at September 30, 2014 and December 31, 2013 approximated its carrying value of $33.4 million and $8.6 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.

In addition, the Company has a noncurrent receivable in the amount of $1.7 million as of September 30, 2014. We believe the carrying value of this receivable approximates its fair value.