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Three Months Ended June 30, | Six Months Ended June 30, | ||||||||||||||
2015 | 2014 | 2015 | 2014 | ||||||||||||
Service Sales | |||||||||||||||
CDIM | $ | 58,835 | $ | 57,542 | $ | 113,477 | $ | 110,882 | |||||||
MPS | 37,134 | 35,743 | 73,011 | 68,752 | |||||||||||
AIM | 3,367 | 2,913 | 6,173 | 5,495 | |||||||||||
Total service sales | 99,336 | 96,198 | 192,661 | 185,129 | |||||||||||
Equipment and supplies sales | 14,053 | 12,784 | 25,047 | 24,226 | |||||||||||
Total net sales | $ | 113,389 | $ | 108,982 | $ | 217,708 | $ | 209,355 |
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Three Months Ended June 30, | Six Months Ended June 30, | ||||||||||||||
2015 | 2014 | 2015 | 2014 | ||||||||||||
Employee termination costs | $ | — | $ | — | $ | — | $ | — | |||||||
Estimated lease termination and obligation costs | 11 | 165 | 85 | 532 | |||||||||||
Other restructuring expenses | — | 106 | — | 222 | |||||||||||
Total restructuring expenses | $ | 11 | $ | 271 | $ | 85 | $ | 754 |
Six Months Ended June 30, 2015 | |||
Balance, December 31, 2014 | $ | 113 | |
Restructuring expenses | 85 | ||
Payments | (141 | ) | |
Balance, June 30, 2015 | $ | 57 |
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June 30, 2015 | December 31, 2014 | ||||||||||||||||||||||
Gross Carrying Amount | Accumulated Amortization | Net Carrying Amount | Gross Carrying Amount | Accumulated Amortization | Net Carrying Amount | ||||||||||||||||||
Amortizable other intangible assets | |||||||||||||||||||||||
Customer relationships | $ | 99,443 | $ | 79,109 | $ | 20,334 | $ | 99,606 | $ | 76,298 | $ | 23,308 | |||||||||||
Trade names and trademarks | 20,375 | 19,858 | 517 | 20,370 | 19,837 | 533 | |||||||||||||||||
$ | 119,818 | $ | 98,967 | $ | 20,851 | $ | 119,976 | $ | 96,135 | $ | 23,841 |
2015 (excluding the six months ended June 30, 2015) | $ | 2,724 | |
2016 | 4,832 | ||
2017 | 4,271 | ||
2018 | 3,857 | ||
2019 | 3,138 | ||
Thereafter | 2,029 | ||
$ | 20,851 |
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June 30, 2015 | December 31, 2014 | ||||||
Term A loan facility maturing 2019; 2.79% and 2.74% interest rate at June 30, 2015 and December 31, 2014 | $ | 159,000 | $ | 173,000 | |||
Various capital leases; weighted average interest rate of 6.0% and 6.8% at June 30, 2015 and December 31, 2014; principal and interest payable monthly through June 2020 | 29,679 | 28,789 | |||||
Borrowings from foreign revolving credit facilities; 0.6% interest rate at June 30, 2015 and December 31, 2014 | 155 | 1,897 | |||||
Various other notes payable with a weighted average interest rate of 8.2% and 6.5% at June 30, 2015 and December 31, 2014; principal and interest payable monthly through November 2019 | 196 | 199 | |||||
189,030 | 203,885 | ||||||
Less current portion | (21,322 | ) | (27,969 | ) | |||
$ | 167,708 | $ | 175,916 |
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Fair Value | |||||
Balance Sheet Classification | June 30, 2015 | ||||
Derivative designated as hedging instrument under ASC 815 | |||||
Interest rate cap contracts - current portion | Other current assets | $ | 3 | ||
Interest rate cap contracts - long-term portion | Other assets | 434 | |||
Total derivatives designated as hedging instruments | $ | 437 |
Amount of Loss Recognized in AOCL on Derivative | ||||||||
Three Months Ended June 30, 2015 | Six Months Ended June 30, 2015 | |||||||
Derivative in ASC 815 Cash Flow Hedging Relationship | ||||||||
Interest rate cap contracts | $ | (83 | ) | $ | (194 | ) |
Amount of Gain or (Loss) Reclassified from AOCL into Income | ||||||||||||||||
Three Months Ended June 30, 2015 | Six Months Ended June 30, 2015 | |||||||||||||||
Effective Portion | Ineffective Portion | Effective Portion | Ineffective Portion | |||||||||||||
Location of Loss Reclassified from AOCL into Income | ||||||||||||||||
Interest expense | $ | — | $ | — | $ | 1 | $ | — |
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June 30, 2015 | December 31, 2014 | |||||||||||||||||||||||
Level 2 | Level 3 | Total Losses | Level 2 | Level 3 | Total Losses | |||||||||||||||||||
Recurring Fair Value Measure | ||||||||||||||||||||||||
Interest rate cap contracts | $ | 437 | $ | — | $ | — | $ | — | $ | — | $ | — | ||||||||||||
Contingent purchase price consideration for acquired businesses | $ | — | $ | 1,479 | $ | — | $ | — | $ | 1,768 | $ | — |
Three Months Ended June 30, | Six Months Ended June 30, | ||||||||||||||
2015 | 2014 | 2015 | 2014 | ||||||||||||
Beginning balance | $ | 1,579 | $ | — | $ | 1,768 | $ | — | |||||||
Additions related to acquisitions | — | 1,266 | — | 1,266 | |||||||||||
Payments | (116 | ) | (342 | ) | (142 | ) | (342 | ) | |||||||
Adjustments included in earnings | (30 | ) | — | (30 | ) | — | |||||||||
Foreign currency translation adjustments | 46 | — | (117 | ) | — | ||||||||||
Ending balance | $ | 1,479 | $ | 924 | $ | 1,479 | $ | 924 |
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Three Months Ended June 30, | Six Months Ended June 30, | ||||||||||||||
2015 | 2014 | 2015 | 2014 | ||||||||||||
Service Sales | |||||||||||||||
CDIM | $ | 58,835 | $ | 57,542 | $ | 113,477 | $ | 110,882 | |||||||
MPS | 37,134 | 35,743 | 73,011 | 68,752 | |||||||||||
AIM | 3,367 | 2,913 | 6,173 | 5,495 | |||||||||||
Total service sales | 99,336 | 96,198 | 192,661 | 185,129 | |||||||||||
Equipment and supplies sales | 14,053 | 12,784 | 25,047 | 24,226 | |||||||||||
Total net sales | $ | 113,389 | $ | 108,982 | $ | 217,708 | $ | 209,355 |
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Three Months Ended June 30, | Six Months Ended June 30, | ||||||||||||||
2015 | 2014 | 2015 | 2014 | ||||||||||||
Employee termination costs | $ | — | $ | — | $ | — | $ | — | |||||||
Estimated lease termination and obligation costs | 11 | 165 | 85 | 532 | |||||||||||
Other restructuring expenses | — | 106 | — | 222 | |||||||||||
Total restructuring expenses | $ | 11 | $ | 271 | $ | 85 | $ | 754 |
Six Months Ended June 30, 2015 | |||
Balance, December 31, 2014 | $ | 113 | |
Restructuring expenses | 85 | ||
Payments | (141 | ) | |
Balance, June 30, 2015 | $ | 57 |
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June 30, 2015 | December 31, 2014 | ||||||||||||||||||||||
Gross Carrying Amount | Accumulated Amortization | Net Carrying Amount | Gross Carrying Amount | Accumulated Amortization | Net Carrying Amount | ||||||||||||||||||
Amortizable other intangible assets | |||||||||||||||||||||||
Customer relationships | $ | 99,443 | $ | 79,109 | $ | 20,334 | $ | 99,606 | $ | 76,298 | $ | 23,308 | |||||||||||
Trade names and trademarks | 20,375 | 19,858 | 517 | 20,370 | 19,837 | 533 | |||||||||||||||||
$ | 119,818 | $ | 98,967 | $ | 20,851 | $ | 119,976 | $ | 96,135 | $ | 23,841 |
2015 (excluding the six months ended June 30, 2015) | $ | 2,724 | |
2016 | 4,832 | ||
2017 | 4,271 | ||
2018 | 3,857 | ||
2019 | 3,138 | ||
Thereafter | 2,029 | ||
$ | 20,851 |
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June 30, 2015 | December 31, 2014 | ||||||
Term A loan facility maturing 2019; 2.79% and 2.74% interest rate at June 30, 2015 and December 31, 2014 | $ | 159,000 | $ | 173,000 | |||
Various capital leases; weighted average interest rate of 6.0% and 6.8% at June 30, 2015 and December 31, 2014; principal and interest payable monthly through June 2020 | 29,679 | 28,789 | |||||
Borrowings from foreign revolving credit facilities; 0.6% interest rate at June 30, 2015 and December 31, 2014 | 155 | 1,897 | |||||
Various other notes payable with a weighted average interest rate of 8.2% and 6.5% at June 30, 2015 and December 31, 2014; principal and interest payable monthly through November 2019 | 196 | 199 | |||||
189,030 | 203,885 | ||||||
Less current portion | (21,322 | ) | (27,969 | ) | |||
$ | 167,708 | $ | 175,916 |
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Fair Value | |||||
Balance Sheet Classification | June 30, 2015 | ||||
Derivative designated as hedging instrument under ASC 815 | |||||
Interest rate cap contracts - current portion | Other current assets | $ | 3 | ||
Interest rate cap contracts - long-term portion | Other assets | 434 | |||
Total derivatives designated as hedging instruments | $ | 437 |
Amount of Loss Recognized in AOCL on Derivative | ||||||||
Three Months Ended June 30, 2015 | Six Months Ended June 30, 2015 | |||||||
Derivative in ASC 815 Cash Flow Hedging Relationship | ||||||||
Interest rate cap contracts | $ | (83 | ) | $ | (194 | ) |
Amount of Gain or (Loss) Reclassified from AOCL into Income | ||||||||||||||||
Three Months Ended June 30, 2015 | Six Months Ended June 30, 2015 | |||||||||||||||
Effective Portion | Ineffective Portion | Effective Portion | Ineffective Portion | |||||||||||||
Location of Loss Reclassified from AOCL into Income | ||||||||||||||||
Interest expense | $ | — | $ | — | $ | 1 | $ | — |
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June 30, 2015 | December 31, 2014 | |||||||||||||||||||||||
Level 2 | Level 3 | Total Losses | Level 2 | Level 3 | Total Losses | |||||||||||||||||||
Recurring Fair Value Measure | ||||||||||||||||||||||||
Interest rate cap contracts | $ | 437 | $ | — | $ | — | $ | — | $ | — | $ | — | ||||||||||||
Contingent purchase price consideration for acquired businesses | $ | — | $ | 1,479 | $ | — | $ | — | $ | 1,768 | $ | — |
Three Months Ended June 30, | Six Months Ended June 30, | ||||||||||||||
2015 | 2014 | 2015 | 2014 | ||||||||||||
Beginning balance | $ | 1,579 | $ | — | $ | 1,768 | $ | — | |||||||
Additions related to acquisitions | — | 1,266 | — | 1,266 | |||||||||||
Payments | (116 | ) | (342 | ) | (142 | ) | (342 | ) | |||||||
Adjustments included in earnings | (30 | ) | — | (30 | ) | — | |||||||||
Foreign currency translation adjustments | 46 | — | (117 | ) | — | ||||||||||
Ending balance | $ | 1,479 | $ | 924 | $ | 1,479 | $ | 924 |
Three Months Ended June 30, | Six Months Ended June 30, | ||||||||||||||
2015 | 2014 | 2015 | 2014 | ||||||||||||
Beginning balance | $ | 1,579 | $ | — | $ | 1,768 | $ | — | |||||||
Additions related to acquisitions | — | 1,266 | — | 1,266 | |||||||||||
Payments | (116 | ) | (342 | ) | (142 | ) | (342 | ) | |||||||
Adjustments included in earnings | (30 | ) | — | (30 | ) | — | |||||||||
Foreign currency translation adjustments | 46 | — | (117 | ) | — | ||||||||||
Ending balance | $ | 1,479 | $ | 924 | $ | 1,479 | $ | 924 |
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