Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2017

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 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 years ended December 31, 2017 and 2016 is as follows:


	Fair Value Measurements Using Significant Unobservable Inputs (Level 3)
	(In Thousands)
Balance at January 1, 2016	$	10,540
Payment of contingent consideration		(3,906	)
Adjustment to estimated fair value of contingent earnout consideration (included within Selling, general and administrative expense)		(725	)
Accretion of contingent earnout consideration (included within other expense, net)		2,180

Balance at December 31, 2016		8,089
Payment of contingent earnout consideration		(8,132	)
Adjustment to estimated fair value of contingent earnout consideration (included within Selling, general and administrative expense)		(252	)
Accretion of contingent earnout consideration (included within other expense, net)		295

Ending balance at December 31, 2017	$	-