XML 43 R28.htm IDEA: XBRL DOCUMENT v3.7.0.1
Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 2017
Fair Value Disclosures [Abstract]  
Summary of Financial Assets and Liabilities Measured at Fair Value on Recurring Basis

The following table summarizes the Company's financial assets and liabilities measured at fair value on a recurring basis at June 30, 2017 and December 31, 2016 by level within the fair value hierarchy. Financial assets and financial liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement (in thousands):

 

 

 

At June 30, 2017

 

 

 

Quoted

 

 

Significant

 

 

 

 

 

 

 

 

 

 

 

Prices in

 

 

Other

 

 

Significant

 

 

 

 

 

 

 

Active

 

 

Observable

 

 

Unobservable

 

 

 

 

 

 

 

Markets

 

 

Inputs

 

 

Inputs

 

 

Total Fair

 

 

 

(Level 1)

 

 

(Level 2)

 

 

(Level 3)

 

 

Value

 

 

 

(in thousands)

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds (included in cash and cash

   equivalents)

 

$

29,724

 

 

 

 

 

 

 

 

$

29,724

 

U.S. treasury securities

 

 

 

 

 

11,276

 

 

 

 

 

$

11,276

 

U.S. government agency obligations

 

 

 

 

 

1,159

 

 

 

 

 

$

1,159

 

Total financial assets

 

$

29,724

 

 

$

12,435

 

 

$

 

 

$

42,159

 

Liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Contingent consideration

 

 

 

 

 

 

 

$

5,440

 

 

$

5,440

 

Total financial liabilities

 

$

 

 

$

 

 

$

5,440

 

 

$

5,440

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

At December 31, 2016

 

 

 

Quoted

 

 

Significant

 

 

 

 

 

 

 

 

 

 

 

Prices in

 

 

Other

 

 

Significant

 

 

 

 

 

 

 

Active

 

 

Observable

 

 

Unobservable

 

 

 

 

 

 

 

Markets

 

 

Inputs

 

 

Inputs

 

 

Total Fair

 

 

 

(Level 1)

 

 

(Level 2)

 

 

(Level 3)

 

 

Value

 

 

 

(in thousands)

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds (included in cash and cash

   equivalents)

 

$

57,032

 

 

 

 

 

 

 

 

$

57,032

 

Total financial assets

 

$

57,032

 

 

$

 

 

$

 

 

$

57,032

 

Liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Contingent consideration

 

 

 

 

 

 

 

$

388

 

 

$

388

 

Total financial liabilities

 

$

 

 

$

 

 

$

388

 

 

$

388

 

 

Summary of Changes in Level 3 Financial Instruments

The following table summarizes the changes in Level 3 financial instruments (in thousands).

 

 

 

Amount

 

Fair Value at December 31, 2016

 

$

388

 

Foreign currency translation

 

 

32

 

Contingent consideration from IDV acquisition

 

 

5,020

 

Balance at June 30, 2017

 

$

5,440