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Fair Value Disclosures (Tables)
3 Months Ended
Mar. 31, 2016
Fair Value Disclosures [Abstract]  
Financial Assets and Liabilities Measured at Fair Value on Recurring Basis

The following table presents the Company’s financial assets and liabilities that are measured at fair value on a recurring basis:

 

 

 

 

 

 

 

Fair Value Measurements Using:

 

 

 

Fair Value

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

March 31, 2016:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Current liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Foreign currency derivative contracts

 

$

431

 

 

 

 

 

$

431

 

 

 

 

Contingent consideration

 

$

4,924

 

 

 

 

 

 

 

 

$

4,924

 

Non-current liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Foreign currency derivative contracts

 

$

61

 

 

 

 

 

$

61

 

 

 

 

Contingent consideration

 

$

268,303

 

 

 

 

 

 

 

 

$

268,303

 

December 31, 2015:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Current liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Contingent consideration

 

$

4,900

 

 

 

 

 

 

 

 

$

4,900

 

Non-current liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Contingent consideration

 

$

262,368

 

 

 

 

 

 

 

 

$

262,368

 

 

Schedule of Roll-forward of Fair Value of Level 3 Instruments

The following table includes a roll-forward of the fair value of Level 3 financial instruments for the period presented:

 

 

 

Three Months Ended

March 31, 2016

 

Contingent consideration (current and non-current):

 

 

 

 

Balance at beginning of period

 

$

267,268

 

Amounts acquired or issued

 

 

 

Net change in fair value

 

 

5,959

 

Settlements

 

 

 

Transfers in and/or out of Level 3

 

 

 

Balance at end of period

 

$

273,227

 

 

Fair Value of Other Financial Instruments Not Measured on Recurring Basis

The following table presents the total balance of the Company’s other financial instruments that are not measured at fair value on a recurring basis:

 

 

 

 

 

 

 

Fair Value Measurements Using:

 

 

 

Total Balance

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

March 31, 2016:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Bank deposits (included in “Cash and cash

   equivalents”)

 

$

317,361

 

 

$

317,361

 

 

 

 

 

 

 

December 31, 2015:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Bank deposits (included in “Cash and cash

   equivalents”)

 

$

225,853

 

 

$

225,853

 

 

 

 

 

 

 

Liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Borrowings under Revolving Credit Facility

 

$

75,000

 

 

$

75,000