Annual report pursuant to Section 13 and 15(d)

FAIR VALUE MEASUREMENTS (Tables)

v2.4.1.9
FAIR VALUE MEASUREMENTS (Tables)
12 Months Ended
Dec. 31, 2014
Fair Value Disclosures [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, 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 
 at December 31, 2014
 
Fair Value Measurements 
 at December 31, 2013
 
Level 1
 
Level 2
 
Level 3
 
Total
 
Level 1
 
Level 2
 
Level 3
 
Total
 
 
 
(in thousands)
 
 
 
 
 
(in thousands)
 
 
Assets:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash equivalents
$
111

 
$

 
$

 
$
111

 
$
26,627

 
$

 
$

 
$
26,627

Forward currency contracts

 
1,910

 

 
1,910

 

 
297

 

 
297

Stock options

 

 
445

 
445

 

 

 
469

 
469

Total
$
111

 
$
1,910

 
$
445

 
$
2,466

 
$
26,627

 
$
297

 
$
469

 
$
27,393

Liabilities:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Interest rate swaps
$

 
$
1,004

 
$

 
$
1,004

 
$

 
$
1,491

 
$

 
$
1,491

Forward currency contracts

 
5

 

 
5

 

 
1,543

 

 
1,543

Put option

 

 

 

 

 

 
435

 
435

Contingent consideration

 

 
8,927

 
8,927

 

 

 
5,934

 
5,934

Total
$

 
$
1,009

 
$
8,927

 
$
9,936

 
$

 
$
3,034

 
$
6,369

 
$
9,403

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, 2014 and 2013:
 
 
Fair Value
 
Fair Value Measurements Using
 
Loss
Description
 
Measurement
 
Level 1
 
Level 2
 
Level 3
 
(Gain)
 
 
(in thousands)
2014
 
 
 
 
 
 
 
 
 
 
Definite-lived intangible assets, net
 
$
627

 
$

 
$

 
$
627

 
$
11,107

Indefinite-lived intangible assets, net
 
$

 
$

 
$

 
$

 
$
5,963

Goodwill
 
$
142,719

 
$

 
$

 
$
142,719

 
$
134,961

Investments in nonconsolidated affiliates
 
$

 
$

 
$

 
$

 
$
(16,356
)
 
 
 
 
 
 
 
 
 
 
 
2013
 
 
 
 
 
 
 
 
 
 
Definite-lived intangible assets, net
 
$
660

 
$

 
$

 
$
660

 
$
10,625

Investments in nonconsolidated affiliates
 
$

 
$

 
$

 
$

 
$
9,174