Annual report pursuant to Section 13 and 15(d)

Fair Value Measurements (Tables)

v2.4.0.8
Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2013
Fair Value Disclosures [Abstract]  
Measurement of Assets and Liabilities at Fair Value on Recurring Basis

The following tables set 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, 2013  
     Level 1      Level 2     Level 3      Total  

Trading securities

   $ 4,386       $ —        $ —         $ 4,386   

Interest rate caps

     —           53        —           53   

Foreign exchange forward contracts

     —           (42     —           (42

 

                                                   
     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
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, 2013 and 2012 were determined by utilizing current trading prices obtained from indicative market data. As a result, the fair value measurement of the Company’s senior term loans is considered to be Level 2.

 

     December 31, 2013      December 31, 2012  
     Carrying
Amount
     Estimated
Fair Value
     Carrying
Amount
     Estimated
Fair Value
 

10.875% Senior Notes

   $ 271,750       $ 285,538       $ 272,942       $ 283,881   

Junior Subordinated Debentures

     114,941         131,480         115,132         128,949