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Fair Value Measurements
6 Months Ended
Jun. 30, 2011
Fair Value Measurements [Abstract]  
Fair Value Disclosures [Text Block]
FAIR VALUE MEASUREMENTS
The Company’s money market funds and derivative financial instruments are reported on the Company’s consolidated balance sheet at fair values based on market values from identical or comparable transactions. The fair value of the Company’s derivative financial instruments are based on observable inputs (Level 2) from comparable market transactions. The use of significant unobservable inputs (Level 3) was not necessary in determining the fair value of the Company’s financial assets and liabilities.
The following table reflects assets and liabilities that are measured at fair value on a recurring basis (in thousands):
 
As of June 30, 2011
Fair Value Measurement Using
 
Total
 
Level 1
 
Level 2
 
Level 3
 
Assets
 
 
 
 
 
 
 
Cash equivalents—money market
$


 
$
10,271


 
$


 
$
10,271


Total Assets
$


 
$
10,271


 
$


 
$
10,271


Liabilities
 
 
 
 
 
 
 
Interest rate swap
$


 
$
(3,699
)
 
$


 
$
(3,699
)
Total Liabilities
$


 
$
(3,699
)
 
$


 
$
(3,699
)
As of December 31, 2010
Fair Value Measurement Using
 
Total
 
Level 1
 
Level 2
 
Level 3
 
Assets
 
 
 
 
 
 
 
Cash equivalents—money market
$


 
$
20,411


 
$


 
$
20,411


Total Assets
$


 
$
20,411


 
$


 
$
20,411


Liabilities
 
 
 
 
 
 
 
Interest rate swap
$


 
$
(4,563
)
 
$


 
$
(4,563
)
Total Liabilities
$


 
$
(4,563
)
 
$


 
$
(4,563
)


As a result of lower market interest rates compared to the stated interest rates of the Company’s fixed and variable rate debt obligations, the fair value of the Company’s debt obligations was approximately $2.3 million more than the carrying value, which was $315.5 million at June 30, 2011. The non-financial assets, including goodwill and intangible assets, are measured at fair value on a non-recurring basis.