Annual report pursuant to Section 13 and 15(d)

FAIR VALUE (Tables)

v2.4.0.8
FAIR VALUE (Tables)
 12 Months Ended
Dec. 31, 2013
Fair Value Disclosures [Abstract]  
Financial Assets and Liabilities Carried at Fair Value Measured on Recurring Basis

The following table provides the financial assets and liabilities carried at fair value measured on a recurring basis as of December 31, 2013 and December 31, 2012:

 

(In thousands)    Classification    Total     Level 1      Level 2     Level 3  

Interest Rate Swaps

    Other Liabilities          

December 31, 2013

       $ (108 )    $ —         $ (108 )    $ —     

December 31, 2012

         (218 )      —           (218 )      —     

Acquisition Contingent Consideration

             

December 31, 2013

    Current Liabilities    $ (137 )    $ —         $ —        $ (137 ) 

December 31, 2012

         (86 )      —           —          (86 ) 

December 31, 2013

    Other Liabilities    $ (5,709 )    $ —         $ —        $ (5,709 ) 

December 31, 2012

         (728 )      —           —          (728 ) 

Calculation of Additional Purchase Consideration (Earn Out)

The calculation of additional purchase consideration (“Earn Out”) related to the acquisition of AeroSat is as follows:

 

    

AeroSat Revenue

   

Earn Out Formula
2014    <$30 million    No Earn Out
   >$30 million < $50 million    (AeroSat Revenue X 15%) x ((AeroSat Revenue-$30 million)/$20 million
   >$50 million    AeroSat Revenue X 15%
2015    <$40 million    No Earn Out
   >$40 million < $60 million    (AeroSat Revenue X 15%) x ((AeroSat Revenue-$40 million)/$20 million
   >$60 million    AeroSat Revenue X 15%