Quarterly report pursuant to Section 13 or 15(d)

FAIR VALUE MEASUREMENTS (Tables)

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FAIR VALUE MEASUREMENTS (Tables)
 9 Months Ended
Sep. 30, 2014
Fair Value Disclosures [Abstract]  
Fair Value of Financial Assets and Liabilities Measured at Fair Value

The following table summarizes the fair value of our financial assets and liabilities measured at fair value:

 

     September 30, 2014  
     Total Fair Value
and Carrying Value
on Balance Sheet		      Fair Value Measurement Category  
        Level 1      Level 2      Level 3  
     (Dollars in thousands)  

Assets:

            

Cash and cash equivalents

    $ 311       $ 311       $ —         $ —     

Trade accounts receivable, net

      40,168         40,168         —           —     

Fair value of interest rate swap

      1,754         —           1,754         —     

Liabilities:

            

Accounts payable

      5,252         5,252         —           —     

Accrued expenses including estimated fair value of contingent earn-out consideration

      13,324         11,671         —           1,653   

Accrued interest

      45         45         —           —     

Long term liabilities including estimated fair value of contingent earn-out consideration

      4,151         2,372         —           1,779   

Long-term debt

      286,377         286,377         —           —