XML 44 R32.htm IDEA: XBRL DOCUMENT v3.8.0.1
FAIR VALUE MEASUREMENTS (Tables)
 3 Months Ended
Mar. 31, 2018
Fair Value Disclosures [Abstract]  
Fair Value of Assets and Liabilities Measured on Recurring Basis
The following table sets forth, by level within the fair value hierarchy, our financial assets and liabilities that are accounted for at fair value on a recurring basis as of March 31, 2018 and December 31, 2017. As required by ASC 820, financial assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement (in thousands):
 
March 31, 2018
 
(unaudited)
 
Quoted Prices
in Active
Markets for
Identical
Items (Level 1)
 
Significant
Other
Observable
Inputs (Level 2)
 
Significant
Unobservable
Inputs (Level 3)
 
Total
Liabilities:
 
 
 
 
 
 
 
Contingent consideration1
$
—

 
$
—

 
$
1,127

 
$
1,127

Net investment hedge
$
—

 
$
(2,825
)
 
$
—

 
$
(2,825
)
Embedded derivative in convertible debt
$
—

 
$
16,047

 
$
—

 
$
16,047

 
December 31, 2017
 
Quoted Prices
in Active
Markets for
Identical
Items (Level 1)
 
Significant
Other
Observable
Inputs (Level 2)
 
Significant
Unobservable
Inputs (Level 3)
 
Total
Liabilities:
 
 
 
 
 
 
 
Contingent consideration1
$
—

 
$
—

 
$
1,712

 
$
1,712

Net investment hedge
$
—

 
$
(3,246
)
 
$
—

 
$
(3,246
)
Embedded derivative in convertible debt
$
—

 
$
20,594

 
$
—

 
$
20,594


__________________________
1    Inclusive of both current and noncurrent portions.
Summary of Changes in Fair Value of Level 3 Contingent Consideration
The following table represents the changes in the fair value of Level 3 contingent consideration liabilities (in thousands):
 
Three Months Ended
March 31, 2018
 
(unaudited)
Balance, beginning of period
$
1,712

Accretion of liability
31

Foreign currency effects
52

Payment
(668
)
Balance, end of period
$
1,127