| 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 |
|
|