Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2018

Schedule Of Fair Values Of Financial Instruments Measured On Recurring Basis

The following tables present the fair values of the Company’s financial assets or liabilities that are measured at fair value on a recurring basis (in thousands):



September 30, 2018	Level 1		Level 2		Level 3		Fair Value
Assets:
Cash equivalents:
Money market and other funds	$	41,827	$	—	$	—	$	41,827
Corporate debt securities	—		21,403		—		21,403
Total assets measured at fair value	$	41,827	$	21,403	$	—	$	63,230

Liabilities:
Contingent consideration	$	—	$	—	$	41,142	$	41,142
Contingent interest derivative	—		768		—		768
Total liabilities measured at fair value	$	—	$	768	$	41,142	$	41,910

December 31, 2017	Level 1		Level 2		Level 3		Fair Value
Assets:
Cash equivalents:
Money market and other funds	$	453	$	—	$	—	$	453
Corporate debt securities	—		22,745		—		22,745
Total assets measured at fair value	$	453	$	22,745	$	—	$	23,198

Liabilities:
Contingent consideration	$	—	$	—	$	20,477	$	20,477
Contingent interest derivative	—		768		—		768
Total liabilities measured at fair value	$	—	$	768	$	20,477	$	21,245

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]

The following table presents a reconciliation of the Company’s derivative instruments (in thousands):



	Amount		Affected line item in the Statement of Income
Derivative Liabilities:
Level 2:
Balance as of January 1, 2018	$	768
Balance as of September 30, 2018	$	768

Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]

The following table presents a reconciliation of the Company’s Level 3 financial assets or liabilities that are measured at fair value on a recurring basis (in thousands):



	Level 3			Affected line item in the Statement of Income
Balance as of January 1, 2018	$	20,477
Total fair value adjustments reported in earnings	14,400			General and administrative
Contingent consideration	7,042
Contingent consideration payments	(777		)
Balance as of September 30, 2018	$	41,142