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Fair Value Measurement (Tables)
6 Months Ended
Jun. 30, 2016
Fair Value Disclosures [Abstract]  
Company's Fair Value Hierarchy for its Financial Assets and Liabilities

The following table represents the Company’s fair value hierarchy for its financial assets and liabilities required to be measured on a recurring basis:

 

     Basis of Fair Value Measurements  
     Balance      Quoted Prices
in Active Markets
for Identical Items
(Level 1)
     Significant
Other
Observable
Inputs
(Level 2)
     Significant
Unobservable
Inputs
(Level 3)
 
     (In Thousands)  

Balance at June 30, 2016:

           

Financial liabilities:

           

Contingent earnout consideration

   $ 6,952       $ —        $ —        $ 6,952   
  

 

 

    

 

 

    

 

 

    

 

 

 

Total financial liabilities

   $ 6,952       $ —        $ —        $ 6,952   
  

 

 

    

 

 

    

 

 

    

 

 

 

Balance at December 31, 2015:

           

Financial liabilities:

           

Contingent earnout consideration

   $ 10,540       $ —        $ —        $ 10,540  
  

 

 

    

 

 

    

 

 

    

 

 

 

Total financial liabilities

   $ 10,540       $ —        $ —        $ 10,540  
  

 

 

    

 

 

    

 

 

    

 

 

 
Reconciliation of the Beginning and Ending Level 3 Net Liabilities

A reconciliation of the beginning and ending Level 3 net liabilities for the six-month period ended June 30, 2016 is as follows:

 

     Fair Value
Measurements
Using Significant
Unobservable
Inputs
(Level 3)
 
     (In Thousands)  

Balance at December 31, 2015

   $ 10,540  

Payment of contingent earnout consideration

     (3,906

Adjustment to estimated fair value of contingent earnout consideration (included within Selling, general and administrative expense)

     (928

Accretion of contingent earnout consideration (included within other expense, net)

     1,246   
  

 

 

 

Ending balance at June 30, 2016

   $ 6,952