Annual report pursuant to Section 13 and 15(d)

Fair Value Measurements (Tables)

v2.4.0.6
Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2012
Measurement of Assets and Liabilities at Fair Value on Recurring Basis

The following table sets forth the Company’s financial assets and liabilities that were measured at fair value on a recurring basis during the period, by level, within the fair value hierarchy:

 

     As of December 31, 2012  
     Level 1      Level 2     Level 3      Total  

Trading securities

   $ 4,245       $ —        $ —         $ 4,245   

Interest rate swap

     —           (418     —           (418

Foreign exchange forward contract

     —           (1,475     —           (1,475

Metal commodity swaps

     —           (11     —           (11

 

     As of December 31, 2011  
     Level 1      Level 2     Level 3      Total  

Trading securities

   $ 3,754       $ —        $ —         $ 3,754   

Interest rate swaps

     —           (1,205     —           (1,205
Fair Value of Company's Fixed Rate Senior Notes and Junior Subordinated Debentures

The fair value of the Company’s fixed rate senior notes and junior subordinated debentures as of December 31, 2012 and 2011 were determined by utilizing current trading prices obtained from indicative market data.

 

     December 31, 2012      December 31, 2011  
     Carrying
Amount
     Estimated
Fair Value
     Carrying
Amount
     Estimated
Fair Value
 

10.875% Senior Notes

   $ 272,942       $ 283,881       $ 204,248       $ 197,250   

Junior Subordinated Debentures

     115,132         128,949         115,411         129,371