Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 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):



December 31, 2018	Level 1		Level 2		Level 3		Fair Value
Assets:
Cash equivalents:
Money market and other funds	$	450	$	—	$	—	$	450
Corporate debt securities	—		532		20,846		21,378
Total assets measured at fair value	$	450	$	532	$	20,846	$	21,828

Liabilities:
Contingent consideration	$	—	$	—	$	50,035	$	50,035
Contingent interest derivative	—		768		—		768
Total liabilities measured at fair value	$	—	$	768	$	50,035	$	50,803

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

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, 2017	$	958
Total fair value adjustments reported in earnings	(190		)	Interest expense, net
Balance as of December 31, 2017	$	768
Total fair value adjustments reported in earnings	—			Interest expense, net
Balance as of December 31, 2018	$	768

Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation

The following tables presents a reconciliation of the Company’s Level 3 financial liabilities related to contingent consideration 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, 2017	$	17,450
Contingent consideration	17,577
Total fair value adjustments reported in earnings	2,300			General and administrative
Contingent consideration payments	(16,850		)	Not Applicable
Balance as of December 31, 2017	$	20,477
Contingent consideration	11,391
Total fair value adjustments reported in earnings	18,944			General and administrative
Contingent consideration payments	(777		)	Not Applicable
Balance as of December 31, 2018	$	50,035

Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation

The following tables presents a reconciliation of the Company’s Level 3 financial assets related to certain available-for-sale debt securities 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	$	—
Transfer in to Level 3	20,846
Balance as of December 31, 2018	$	20,846