FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)

3 Months Ended

Mar. 31, 2017

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, 2017				December 31, 2016				Level of Fair Value Hierarchy
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Assets:
Cash and cash equivalents	$	26,725	$	26,725	$	28,255	$	28,255	Level 1
Restricted cash	2,757		2,757		2,923		2,923		Level 1
Foreign currency forward contracts	604		604		308		308		Level 2
Liabilities:
Notes payable to bank	823		823		703		703		Level 2
Variable interest rate debt	5,197		5,197		5,986		5,986		Level 2
Foreign currency forward contracts	262		262		566		566		Level 2