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Fair Value Measurement (Tables)
12 Months Ended
Dec. 31, 2012
Fair Value Disclosures [Abstract]  
Fair Value of Assets and Liabilities Measured on Recurring Basis
The following tables provide the assets and liabilities carried at fair value and measured on a recurring basis:
 
 
 
Fair Value Measurements at Reporting Date Using:
(in thousands)
December 31, 2012
 
Quoted Prices in
Active Markets
(Level 1)
 
Significant Other
Observable
Inputs
(Level 2)
 
Significant
Unobservable
Inputs
(Level 3)
Assets
 
 
 
 
 
 
 
Cash equivalents
$
206,979

 
$
206,979

 
$

 
$

Short-term investments
$
452

 
$

 
$
452

 
$

Liabilities
 
 
 
 
 
 
 
Contingent consideration
$
(6,436
)
 
$

 
$

 
$
(6,436
)
Deferred compensation
$
(1,394
)
 
$

 
$

 
$
(1,394
)
Foreign currency future
$
(240
)
 
$

 
$
(240
)
 
$

 
 
 
Fair Value Measurements at Reporting Date Using:
(in thousands)
December 31, 2011
 
Quoted Prices in
Active Markets
(Level 1)
 
Significant Other
Observable
Inputs
(Level 2)
 
Significant
Unobservable
Inputs
(Level 3)
Assets
 
 
 
 
 
 
 
Cash equivalents
$
182,530

 
$
181,198

 
$
1,332

 
$

Short-term investments
$
576

 
$

 
$
576

 
$

Liabilities
 
 
 
 
 
 
 
Contingent consideration
$
(9,571
)
 
$

 
$

 
$
(9,571
)
Deferred compensation
$
(2,073
)
 
$

 
$

 
$
(2,073
)
Changes in Level 3 Liabilities Measured at Fair Value on Recurring Basis Using Significant Unobservable Inputs
The following table presents the changes during the year ended December 31, 2012 in the Company’s Level 3 liabilities for contingent consideration and deferred compensation that are measured at fair value on a recurring basis:
 
Fair Value Measurement Using
Significant Unobservable Inputs
(in thousands)
Contingent
Consideration
 
Deferred
Compensation
Balance as of January 1, 2012
$
9,571

 
$
2,073

Contingent payments
(3,288
)
 
(712
)
Interest expense included in earnings
153

 
33

Balance as of December 31, 2012
$
6,436

 
$
1,394