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FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)
6 Months Ended
Jun. 30, 2015
Financial Instruments, Owned, at Fair Value [Abstract]  
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):
 
June 30, 2015
 
December 31, 2014
 
Level of Fair Value Hierarchy
 
Carrying Amount
 
Fair Value
 
Carrying Amount
 
Fair Value
 
Assets:
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
$
22,778

 
$
22,778

 
$
16,293

 
$
16,293

 
Level 1
Restricted cash
2,887

 
2,887

 
3,151

 
3,151

 
Level 1
Foreign currency forward contracts
572

 
572

 
307

 
307

 
Level 2
Liabilities:
 
 
 
 
 
 
 
 
 
Variable interest rate debt
14,400

 
14,400

 
16,225

 
16,225

 
Level 2
Foreign currency forward contracts
373

 
373

 
629

 
629

 
Level 2