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Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2012
Significant Accounting Policies [Abstract]  
Fair value of financial instruments
For purposes of financial reporting, the Company has determined that the fair value of financial instruments including cash and cash equivalents, accounts receivable, accounts payable and long-term debt approximates carrying value at December 31, 2012 and 2011, except as follows:
 
 
December 31,
 
(in thousands)
 
2012
 
 
2011
 
 
 
 
 
 
 
Fair value of fixed-rate notes payable
 
$
30,392
 
 
$
25,263
 
Carrying value of fixed-rate notes payable
 
$
29,301
 
 
$
24,580
 
 
Fair value of change in contingent consideration
The following table summarizes the changes in the fair value of the Company's contingent consideration during 2012:

 
Contingent
 
 
Consideration
 
 
Fair Value
 
 
 
 
Liability balance at January 1, 2012
 
$
239
 
 
 
 
 
Accretion of present value discount
 
 
6
 
Revaluation of estimated liability
 
 
(245
)
 
 
 
 
Liability balance at December 31, 2012
 
$
--
 
Fair value of other long-term liabilities
The following table summarizes the fair values as of December 31, 2012:
 
 
Level 1
 
 
Level 2
 
 
Level 3
 
 
Total
 
Other long-term liabilities:
 
 
 
 
 
 
 
 
 
 
 
 
Multiemployer pension withdrawal liability
 
$
--
 
 
$
--
 
 
$
31,683
 
 
$
31,683