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Fair Value Measurements - (Tables)
12 Months Ended
Dec. 31, 2019
Fair Value Disclosures [Abstract]  
Schedule of Assets and Liabilities Carried at Fair Value Measured on a Recurring Basis

 


The following tables provide the assets and liabilities carried at fair value measured on a recurring basis at December 31, 2019 and December 31, 2018: 

 

 

Fair Value Measurements Using

 

 

 

Carrying

Value

 

 

Quoted Prices in

Active Markets

for Identical

Assets (Level 1)

 

 

Significant

Other

Observable

Inputs (Level 2)

 

 

Significant

Unobservable

Inputs (Level 3)

 

December 31, 2019

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Available-for-sale debt securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Municipal notes and bonds

 

$

81,108

 

 

$

 

 

$

81,108

 

 

$

 

Asset-backed securities

 

 

10,779

 

 

 

 

 

 

10,779

 

 

 

 

Certificates of deposit

 

 

30,507

 

 

 

 

 

 

30,507

 

 

 

 

Commercial paper

 

 

30,708

 

 

 

 

 

 

30,708

 

 

 

 

Corporate bonds

 

 

36,461

 

 

 

 

 

 

36,461

 

 

 

 

Foreign currency forward contracts

 

 

120

 

 

 

 

 

 

120

 

 

 

 

Total assets

 

$

189,683

 

 

$

 

 

$

189,683

 

 

$

 

Liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Contingent consideration - acquisitions

 

$

569

 

 

$

 

 

$

 

 

$

569

 

Total liabilities

 

$

569

 

 

$

 

 

$

 

 

$

569

 

December 31, 2018

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Available-for-sale debt securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Municipal notes and bonds

 

$

62,684

 

 

$

 

 

$

62,684

 

 

$

 

Total assets

 

$

62,684

 

 

$

 

 

$

62,684

 

 

$

 

Liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Contingent consideration - acquisitions

 

$

2,060

 

 

$

 

 

$

 

 

$

2,060

 

Foreign currency forward contracts

 

 

32

 

 

 

 

 

 

32

 

 

 

 

Total liabilities

 

$

2,092

 

 

$

 

 

$

32

 

 

$

2,060

 

Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation

This table presents a reconciliation of all liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3) for the year ended December 31, 2019:

 

 

Fair Value

Measurements

Using

Significant

Unobservable

Inputs (Level 3)

 

Balance at December 31, 2018

 

$

2,060

 

Total loss due to remeasurement included in general and

   administrative expense

 

 

267

 

Additions

 

 

 

Payments

 

 

(1,758

)

Transfer into (out of) Level 3

 

 

 

Balance at December 31, 2019

 

$

569