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FAIR VALUE MEASUREMENTS (Tables)
6 Months Ended
Jun. 30, 2012
Fair Value Disclosures [Abstract]  
Schedule of assets and liabilities measured at fair value on a recurring basis
The assets and liabilities measured at fair value on a recurring basis are as follows (in thousands):
 
 
As of June 30, 2012
Fair Value Measurements Using
 
Total
Quoted Prices in
Active Markets for
Identical Assets
(Level 1)
 
Significant Other
Observable
Inputs
(Level 2)
 
Significant
Unobservable
Inputs
(Level 3)
 
Money market funds
$
26,262

 
$

 
$

 
$
26,262

Investments

 
5,711

 

 
5,711

 
 
As of December 31, 2011
 
Fair Value Measurements Using
 
Total
 
Quoted Prices in
Active Markets for
Identical Assets
(Level 1)
 
Significant Other
Observable
Inputs
(Level 2)
 
Significant
Unobservable
Inputs
(Level 3)
 
Money market funds
$
25,383

 
$

 
$

 
$
25,383

Investments

 
4,983

 

 
4,983

Contingent consideration to be paid in cash for the acquisitions

 

 
1,557

 
1,557

Reconciliations of liabilities measured and carried at fair value on a recurring basis
Reconciliations of liabilities measured and carried at fair value on a recurring basis with the use of significant unobservable inputs (Level 3) are as follows (in thousands):
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2012
 
2011
 
2012
 
2011
Contingent consideration for acquisitions
 
 
 
 
 
 
 
Balance at beginning of period
$

 
$
11,795

 
$
1,557

 
$
11,370

Cash payments

 

 
(1,557
)
 
(230
)
Change in estimates included in earnings

 
1,327

 

 
1,982

Balance at end of period
$

 
$
13,122

 
$

 
$
13,122