September 30, 2015

December 31, 2014

Carrying
Amount

Fair
Value

Carrying
Amount

Fair
Value

Fair Value
Hierarchy

Financial Assets:

Cash

$

26,080

$

26,080

$

30,820

$

30,820

Restricted Certificates of Deposit

$

587

$

587

$

586

$

586

Level 1

(1)

Financial liabilities:

Notes Payable

$

5,152

$

5,152

$

4,124

$

4,124

Level 2

(2)

(1)

Restricted certificates of deposit consists of money market funds that are carried at either cost or amortized cost that approximates fair value due to their short-term maturities. The money market funds are valued through the use of quoted market prices, or $1.00, which is generally the net asset value of the funds.

(2)

The carrying value of notes payable and borrowings under the revolving credit agreement approximates fair value, which is determined based on interest rates currently available to the Company for similar debt.