Fair Value Measurement (Tables)

9 Months Ended

Sep. 30, 2014

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)	September 30, 2014			Quoted Prices in Active Markets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Assets
Cash equivalents	$	368,913		$	368,913	$	—	$	—
Short-term investments	$	665		$	—	$	665	$	—
Liabilities
Contingent consideration	$	(2,653	)	$	—	$	—	$	(2,653	)

				Fair Value Measurements at Reporting Date Using:
(in thousands)	December 31, 2013			Quoted Prices in Active Markets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Assets
Cash equivalents	$	303,138		$	303,138	$	—	$	—
Short-term investments	$	500		$	—	$	500	$	—
Liabilities
Contingent consideration	$	(7,389	)	$	—	$	—	$	(7,389	)
Deferred compensation	$	(704	)	$	—	$	—	$	(704	)

Changes in Level 3 Liabilities Measured at Fair Value on Recurring Basis Using Significant Unobservable Inputs

The following tables present the changes in the Company’s Level 3 liabilities that are measured at fair value on a recurring basis during the three and nine months ended September 30, 2014 and 2013:

	Fair Value Measurement Using Significant Unobservable Inputs
(in thousands)	Contingent Consideration			Deferred Compensation
Balance as of January 1, 2014	$	7,389		$	704
Contingent payment	(1,578		)	—
Interest expense and foreign exchange activity included in earnings	164			3
Balance as of March 31, 2014	$	5,975		$	707
Interest expense and foreign exchange activity included in earnings	87			4
Balance as of June 30, 2014	$	6,062		$	711
Contingent payments	(3,288		)	(712		)
Interest expense and foreign exchange activity included in earnings	(121		)	1
Balance as of September 30, 2014	$	2,653		$	—

The final payment related to the retention of a key member of Apache management was paid in the third quarter of 2014. As a result of making this final payment, the Company no longer has a deferred compensation liability at September 30, 2014.

	Fair Value Measurement Using Significant Unobservable Inputs
(in thousands)	Contingent Consideration			Deferred Compensation
Balance as of January 1, 2013	$	6,436		$	1,394
Interest expense included in earnings	31			6
Balance as of March 31, 2013	$	6,467		$	1,400
EVEN contingent consideration	3,597			—
Interest expense and foreign exchange activity included in earnings	134			7
Balance as of June 30, 2013	$	10,198		$	1,407
Contingent payments	(3,288		)	(712		)
Interest expense and foreign exchange activity included in earnings	295			5
Balance as of September 30, 2013	$	7,205		$	700