FAIR VALUE AND DERIVATIVE INSTRUMENTS (Tables)

6 Months Ended

Jun. 30, 2013

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

	June 30, 2013
	Total			Level 1		Level 2			Level 3
	(in thousands)
Cash and cash equivalents	$	18,716		$	18,716	$	—		$	—
Restricted cash	2,845			2,845		—			—
Notes payable to bank	(17,060		)	—		(17,060		)	—
Variable interest rate debt	(29,906		)	—		(29,006		)	—
Contingent purchase price payment	(7,000		)	—		—			(7,000		)
Foreign currency forward contracts, net	(403		)	—		(403		)	—

	December 31, 2012
	Total			Level 1		Level 2			Level 3
	(in thousands)
Cash and cash equivalents	$	26,855		$	26,855	$	—		$	—
Restricted cash	2,634			2,634		—			—
Notes payable to bank	(11,500		)	—		(11,500		)	—
Variable interest rate debt	(8,489		)	—		(8,489		)	—
Contingent purchase price payment	(7,484		)	—		—			(7,484		)
Foreign currency forward contracts, net	(205		)	—		(205		)	—

Schedule of significant unobservable inputs

Unobservable inputs	Range
Discount rate	19.0% - 20.0%
Royalty rate	2.0% - 3.0%
Long term growth rate	3.0%

Schedule of derivatives financial instruments qualifying and designated as hedges

	June 30, 2013				December 31, 2012
	Notional Amount		Unrealized Loss		Notional Amount		Unrealized Loss
	(in thousands)
Foreign currency forwards	$	41,212	$	115	$	49,750	$	22

Schedule of fair value on Consolidated Balance Sheets of the foreign currency forward contracts

	June 30,			December 31,
	2012			2012
	(in thousands)
Foreign currency forwards designated as hedges:
Other current assets	$	257		$	191
Accrued expenses	(372		)	(213		)
Foreign currency forwards not designated as hedges:
Other current assets	166			284
Accrued expenses	(454		)	(467		)
Foreign currency forwards, net	$	(403	)	$	(205	)