Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2019

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):



March 31, 2019	Level 1		Level 2		Level 3		Fair Value
Assets:
Cash equivalents:
Money market and other funds	$	407	$	—	$	—	$	407
Corporate debt securities	—		590		21,525		22,115
Total assets measured at fair value	$	407	$	590	$	21,525	$	22,522

Liabilities:
Contingent consideration	$	—	$	—	$	55,265	$	55,265
Contingent interest derivative	—		768		—		768
Total liabilities measured at fair value	$	—	$	768	$	55,265	$	56,033

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

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, 2019	$	768
Balance as of March 31, 2019	$	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 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, 2019	$	50,035
Contingent consideration	1,072
Total fair value adjustments reported in earnings	5,003			General and administrative
Contingent consideration payments	(845		)	Not Applicable
Balance as of March 31, 2019	$	55,265