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Fair Value Measurement (Tables)
3 Months Ended
Mar. 31, 2017
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 March 31, 2017:

           

Financial liabilities:

           

Contingent earnout consideration

   $ 8,929      $    $    $ 8,929  
  

 

 

    

 

 

    

 

 

    

 

 

 

Total financial liabilities

   $ 8,929      $    $    $ 8,929  
  

 

 

    

 

 

    

 

 

    

 

 

 

Balance at December 31, 2016:

           

Financial liabilities:

           

Contingent earnout consideration

   $ 8,089      $    $    $ 8,089  
  

 

 

    

 

 

    

 

 

    

 

 

 

Total financial liabilities

   $ 8,089      $    $    $ 8,089  
  

 

 

    

 

 

    

 

 

    

 

 

 
Reconciliation of the Beginning and Ending Level 3 Net Liabilities

A reconciliation of the beginning and ending Level 3 net liabilities for the three-month period ended March 31, 2017 is as follows:

 

     Fair Value
Measurements
Using Significant
Unobservable
Inputs

(Level 3)
 
     (In Thousands)  

Balance at December 31, 2016

   $ 8,089  

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

     236  

Change in fair value of contingent earnout consideration (included within selling, general and administrative expense)

     604  
  

 

 

 

Ending balance at March 31, 2017

   $ 8,929