Derivative Instrument

12 Months Ended

Dec. 31, 2012

Derivative Instrument

Derivative Instrument

(15) Derivative Instrument

        As of December 31, 2012, the Company has one foreign currency contract outstanding with a notional amount of 20.7 million Danish krone (DKK) or $3.7 million. The foreign currency contract was purchased to economically hedge the foreign currency fluctuation from the remeasurement of the third party seller financed note payable (Seller Note) which is denominated in DKK (Note 16). The foreign currency contract has various settlement dates that coincide with the Company's Seller Note payment schedule. The term of the foreign currency contract coincides with the maturity of the Seller Note which is April 2, 2015. The fair value of the contract resulted in an asset of approximately $209,000 at December 31, 2012. The change in the fair value of the contract totaling $209,000 for the year ended December 31, 2012 was recognized in other income, the current portion of the receivable is recorded in other receivables, and the long-term portion is recorded in other assets as of December 31, 2012. We had one foreign currency contract outstanding as of December 31, 2010 of which approximately $250,000 was recognized in other income for the year ended December 31, 2010.