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Fair Value Of Measurements | 9 Months Ended
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Sep. 30, 2016
Fair Value Of Measurements [Abstract] |
Fair Value Of Measurements | NOTE 10. FAIR VALUE MEASUREMENTS ﻿ We measure certain financial assets and liabilities at fair value on a recurring basis. Fair value is defined as an exit price, representing the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants, under a three-tier fair value hierarchy which prioritizes the inputs used in measuring fair value as follows: ﻿ Level 1- inputs to the valuation methodology are quoted market prices for identical assets or liabilities in active markets. ﻿ Level 2- inputs to the valuation methodology include quoted prices in markets that are not active or model inputs that are observable either directly or indirectly for substantially the full term of the asset or liability. ﻿ Level 3- inputs to the valuation methodology are based on prices or valuation techniques that are unobservable. ﻿ ﻿ ﻿ ﻿ ﻿ ﻿ ﻿ ﻿ ﻿ ﻿ ﻿ ﻿ ﻿ ﻿ ﻿ ﻿ ﻿ ﻿ ﻿ Assets and liabilities measured at fair value on a recurring basis at September 30, 2016 and December 31, 2015 were as follows: ﻿ ﻿
﻿ |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  | September 30, 2016
﻿ |  | Level 1 |  | Level 2 |  | Level 3 |  | Total
﻿ |  |  |  |  |  |  |  |  |  |  |  |
﻿Assets |  |  |  |  |  |  |  |  |  |  |  |
﻿ Forward exchange contracts |  |  | - |  |  | 135 |  |  | - |  |  | 135
﻿ |  | $ | - |  | $ | 135 |  | $ | - |  | $ | 135
﻿ |  |  |  |  |  |  |  |  |  |  |  |
﻿Liabilities |  |  |  |  |  |  |  |  |  |  |  |
﻿ Forward exchange contracts |  | $ | - |  | $ | 250 |  | $ | - |  | $ | 250
﻿ |  | $ | - |  | $ | 250 |  | $ | - |  | $ | 250
﻿ |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  | December 31, 2015
﻿ |  | Level 1 |  | Level 2 |  | Level 3 |  | Total
﻿ |  |  |  |  |  |  |  |  |  |  |  |
﻿Assets |  |  |  |  |  |  |  |  |  |  |  |
﻿ Marketable securities |  | $ | 9,824 |  | $ | - |  | $ | - |  | $ | 9,824
﻿ Forward exchange contracts |  |  | - |  |  | 905 |  |  | - |  |  | 905
﻿ |  | $ | 9,824 |  | $ | 905 |  | $ | - |  | $ | 10,729
﻿ |  |  |  |  |  |  |  |  |  |  |  |
﻿Liabilities |  |  |  |  |  |  |  |  |  |  |  |
﻿ Forward exchange contracts |  | $ | - |  | $ | 25 |  | $ | - |  | $ | 25
﻿ |  | $ | - |  | $ | 25 |  | $ | - |  | $ | 25
﻿ The carrying value of cash, accounts receivable, accounts payable and accrued liabilities approximate their respective fair values due to the short-term nature and liquidity of these financial instruments. Marketable securities are recorded at fair value based on quoted market prices. Derivative financial instruments are recorded at fair value based on current market pricing models. The Company estimates that, based on current market conditions, the fair value of its debt obligations under its revolving credit facility and senior subordinated notes payable approximate the carrying values at September 30, 2016 and December 31, 2015. ﻿ Nonrecurring Fair Value Measurements ﻿ There were no assets and liabilities measured at fair value on a nonrecurring basis at September 30, 2016. Assets and liabilities measured at fair value on a nonrecurring basis at December 31, 2015 were as follows: ﻿ ﻿
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  | December 31, 2015
﻿ |  | Level 1 |  | Level 2 |  | Level 3 |  | Total |  | Total Losses
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Goodwill |  | $ | - |  | $ | - |  | $ | - |  | $ | - |  | $ | 29,507
﻿ The Company has certain assets that are measured at fair value on a nonrecurring basis when impairment indicators are present. The categorization of the framework used to estimate the fair value of the assets is considered a Level 3, due to the subjective nature of the unobservable inputs used to determine the fair value. The assets are adjusted to fair value only when the carrying values exceed the fair values. B ased on the results of the Company’s annual impairment tests completed during the year ended December 31, 2015, the Company determined that goodwill was impaired. As a result, we recognized impairment charges during the year ended December 31, 2015. ﻿ ﻿ ﻿ ﻿ ﻿

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- Definition The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19207-110258 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=6957238&loc=d3e14172-108612 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 28 -URI http://asc.fasb.org/extlink&oid=6957238&loc=d3e14064-108612 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 21 -URI http://asc.fasb.org/extlink&oid=49121117&loc=d3e13537-108611 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 16 -URI http://asc.fasb.org/extlink&oid=49121117&loc=d3e13504-108611 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=49121117&loc=d3e13433-108611 + Details
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