Fair Value (Tables)

9 Months Ended

Sep. 30, 2013

Financial assets and liabilities measured at fair value

The following table summarizes the Company’s fair value hierarchy for its financial assets and liabilities measured at fair value as of September 30, 2013 (in thousands):



	Total Fair Value		Quoted Prices in Active Markets (Level 1)		Observable Inputs (Level 2)		Unobservable Inputs (Level 3)
Assets
Cash and cash equivalents	$	32,222	$	32,222	$	—	$	—
Interest rate cap	—		—		—		—

The following table summarizes the Company’s fair value hierarchy for its financial assets and liabilities measured at fair value as of December 31, 2012 (in thousands):



	Total Fair Value		Quoted Prices in Active Markets (Level 1)		Observable Inputs (Level 2)		Unobservable Inputs (Level 3)
Assets
Cash and cash equivalents	$	82,365	$	82,365	$	—	$	—
Interest rate cap	—		—		—		—
Liabilities
Accrued restructuring—facilities (measured on a non-recurring basis)	$	59	$	—	$	59	$	—

- Definition

Tabular disclosure of assets and liabilities by class, including financial instruments measured at fair value that are classified in shareholders' equity, if any, that are measured at fair value on a nonrecurring basis in periods after initial recognition (for example, impaired assets). Disclosures may include, but are not limited to: (a) the fair value measurements recorded and the reasons for the measurements and (b) the level within the fair value hierarchy in which the fair value measurements are categorized in their entirety (levels 1, 2, 3).

+ References+ Details

Aspect Software Group Holdings Ltd. 10-Q