FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)

3 Months Ended

Mar. 31, 2015

FAIR VALUE AND DERIVATIVE INSTRUMENTS

Schedule of carrying amount, fair values and classification of financial instruments measured or disclosed at fair value on a recurring basis

The following table presents the carrying amount, fair values, and classification level within the fair value hierarchy of financial instruments measured or disclosed at fair value on a recurring basis (in thousands):

	March 31, 2015				December 31, 2014				Level of Fair Value Hierarchy
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Assets:
Cash and cash equivalents	$	18,300	$	18,300	$	16,293	$	16,293	Level 1
Restricted cash	3,019		3,019		3,151		3,151		Level 1
Foreign currency forward contracts	747		747		307		307		Level 2
Liabilities:
Notes payable to bank	124		124		—		—		Level 2
Variable interest rate debt	14,987		14,987		16,225		16,225		Level 2
Foreign currency forward contracts	448		448		629		629		Level 2