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Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 2020
Fair Value Disclosures [Abstract]  
Assets Carried at Fair Value and Measured on Recurring Basis

The fair value hierarchy of the Company’s financial assets carried at fair value and measured on a recurring basis is as follows:

 

 

 

 

 

 

Fair Value Measurements at

June 30, 2020

 

 

 

June 30, 2020

 

 

Quoted Prices

in Active

Markets for

Identical Assets

(Level 1)

 

 

Significant

Other

Observable

Inputs

(Level 2)

 

 

Significant

Unobservable

Inputs

(Level 3)

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Short-term investments(1)

 

$

5,023

 

 

$

 

 

$

5,023

 

 

$

 

Total assets

 

$

5,023

 

 

$

 

 

$

5,023

 

 

$

 

Liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Contingent consideration - current (2)

 

$

711

 

 

$

 

 

$

 

 

$

711

 

Contingent consideration - non-current (2)

 

 

426

 

 

 

 

 

 

 

 

 

426

 

Total liabilities

 

$

1,137

 

 

$

 

 

$

 

 

$

1,137

 

 

 

 

 

 

 

 

Fair Value Measurements at

December 31, 2019

 

 

 

December 31, 2019

 

 

Quoted Prices

in Active

Markets for

Identical

Assets

(Level 1)

 

 

Significant

Other

Observable

Inputs

(Level 2)

 

 

Significant

Unobservable

Inputs

(Level 3)

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Short-term investments(1)

 

$

5,012

 

 

$

 

 

$

5,012

 

 

$

 

Total assets

 

$

5,012

 

 

$

 

 

$

5,012

 

 

$

 

 

(1)

Short-term investments consist of a bond fund, their fair value is calculated using an interest rate yield curve for similar instruments.

(2)

The Company’s valuation techniques and Level 3 inputs used to estimate the fair value of contingent consideration payable in connection with the acquisition are described in Note 14.