Annual report pursuant to Section 13 and 15(d)

FAIR VALUE MEASUREMENTS (Tables)

v2.4.0.6
FAIR VALUE MEASUREMENTS (Tables)
12 Months Ended
Dec. 31, 2012
FAIR VALUE MEASUREMENTS [Abstract]  
Fair Value of Assets and Liabilities Measured on a Recurring Basis
In accordance with the fair value hierarchy described above, the following table shows the fair value of the Company's financial assets and liabilities that are required to be measured at fair value on a recurring basis, as of December 31, 2012 and 2011, which are classified on the balance sheets as cash and cash equivalents, other current assets, other long-term assets, other current liabilities and other long-term liabilities:
 

 
Fair Value Measurements
   
Fair Value Measurements
 
   
at December 31, 2012
   
at December 31, 2011
 
   
Level 1
   
Level 2
   
Level 3
   
Total
   
Level 1
   
Level 2
   
Level 3
   
Total
 
   
(in thousands)
   
(in thousands)
 
Assets:
                                               
Cash equivalents
  $ 61,996     $ -     $ -     $ 61,996     $ 138,537     $ -     $ -     $ 138,537  
Forward currency contracts
    -       81       -       81       -       355       -       355  
Interest rate cap
    -       -       -       -       -       7       -       7  
Stock options
    -       -       204       204       -       -       1,060       1,060  
Total
  $ 61,996     $ 81     $ 204     $ 62,281     $ 138,537     $ 362     $ 1,060     $ 139,959  
                                                                 
Liabilities:
                                                               
Interest rate swaps
  $ -     $ 2,811     $ -     $ 2,811     $ -     $ 3,037     $ -     $ 3,037  
Forward currency contracts
    -       625       -       625       -       -       -       -  
Contingent consideration
    -       -       6,718       6,718       -       -       8,363       8,363  
Total
  $ -     $ 3,436     $ 6,718     $ 10,154     $ -     $ 3,037     $ 8,363     $ 11,400  
Fair Value of Assets Measured on a Non-recurring Basis
The following table shows the fair value of the Company's financial assets that have been adjusted to fair value on a non-recurring basis which had a significant impact on the Company's results of operations for the years ended December 31, 2012 and 2011:
 
   
Fair Value
                         
   
Measurement
                         
   
As Of
   
Fair Value Measurements Using
   
Total
 
Description
 
December 31
   
Level 1
   
Level 2
   
Level 3
   
Losses
 
   
(in thousands)
 
2012 Impairments
                             
    Property, plant and equipment $ 5,983 $ - $ 5,983 $ - $ 4,266
Definite-lived intangible assets, net
  $ 90,176     $ -     $ -     $ 90,176      $ 89,584  
2012 Total
                                  $ 93,850  
                                         
2011 Impairments
                                       
Property, plant and equipment
  $ 5,400     $ -     $ 5,400     $ -     $ 10,030  
Definite-lived intangible assets, net
  $ 44,585     $ -     $ -     $ 44,585       14,103  
2011 Total
                                  $ 24,133