Fair-Value Measurements (Tables)

6 Months Ended

Jun. 30, 2014

Schedule of Fair Value of Financial Assets and Liabilities

The following table presents the fair-value hierarchy for our Level 1 and Level 2 financial assets and liabilities measured at fair value on a recurring basis:

	June 30, 2014			December 31, 2013
	Quoted prices in active markets	Significant other observable inputs		Quoted prices in active markets	Significant other observable inputs
(in thousands)	(Level 1)	(Level 2)		(Level 1)	(Level 2)
Fair Value
Assets:
Cash equivalents	$33,990	$-		$25,073	$-
Prepaid expenses and other current assets:
Foreign currency instruments	273	-		-	-
Other Assets:
Common stock of foreign public company	817	-		952	-
Interest rate swap	-	372	^(a)	-	1,517	^(c)
Liabilities:
Other noncurrent liabilities:
Interest rate swap	-	(2,337)	^(b)	-	(3,119)	^(d)

(a)

Net of $4.5 million receivable floating leg and $4.1 million liability fixed leg

(b)

Net of $0.4 million receivable floating leg and $2.7 million liability fixed leg

(c)

Net of $5.6 million receivable floating leg and $4.1 million liability fixed leg

(d)

Net of $0.7 million receivable floating leg and $3.8 million liability fixed leg

Schedule of (Losses)/Gains on Changes in Fair Value of Derivative Instruments

Gains/ (losses) related to changes in fair value of derivative instruments that were recognized in Other (income)/expenses, net in the Statements of Income were as follows:

	Three months ended June 30,		Six months ended June 30,
(in thousands)	2014	2013	2014	2013

Derivatives not designated as hedging instruments
Forward exchange options	$80	$-	$154	$-