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FAIR VALUE MEASUREMENTS (Tables)
12 Months Ended
Dec. 31, 2012
FAIR VALUE MEASUREMENTS  
Schedule of the liability measured at fair value on a recurring basis subject to the disclosure requirements from accounting guidance

 

 

 

 

 

Fair Value Measurements at Reporting Date Using

 

(in thousands)

 

 

 

Active
Markets for
Identical Assets

 

Other
Observable
Inputs

 

Significant
Unobservable
Inputs

 

Description

 

Amount

 

(Level 1)

 

(Level 2)

 

(Level 3)

 

 

 

 

 

 

 

 

 

 

 

As of December 31, 2012:

 

 

 

 

 

 

 

 

 

Contingent Consideration

 

$

(2,693)

 

$

-

 

$

-

 

$

(2,693)

 

 

 

 

 

 

 

 

 

 

 

As of December 31, 2011:

 

 

 

 

 

 

 

 

 

Interest Rate Swap Contracts

 

(3,871)

 

-

 

(3,871)

 

-

 

Schedule of carrying amount and estimated fair value of financial instruments

The fair values shown below for the Senior Secured Notes is based on quoted prices in the market for identical assets (Level 1), and the CW Credit Facility is based on indirect observable inputs (Level 2) (in thousands):

 

 

 

12/31/2012

 

12/31/2011

 

 

 

Carrying Value

 

Fair Value

 

Carrying Value

 

Fair Value

 

11.5% Senior Secured Notes

 

$

320,598

 

$

348,364

 

$

326,944

 

$

326,340

 

CW Credit Facility

 

11,872

 

11,872

 

10,506

 

10,506