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Fair Value of Financial Instruments (Tables)
9 Months Ended
Sep. 30, 2016
Fair Value of Financial Instruments [Abstract]  
Summary of changes in fair value of the Company's Level 3 assets and liabilities that are measured at fair value on a recurring basis
The following table presents a summary of changes in fair value of the Company’s Level 3 assets and liabilities that are measured at fair value on a recurring basis (in thousands):
 
  
Level 3 Inputs
 
  
Liabilities
 
Balance at December 31, 2015
 
$
5,130
 
New level 3 liability
  
-
 
Total gains (losses) reported in earnings
  
-
 
Transfers into or out of Level 3
  
-
 
Balance at September 30, 2016
 
$
5,130