Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2015

Fair Value of Financial Assets and Liabilities Measured on Recurring Basis

The following tables present the Company’s hierarchy for its assets measured at fair value on a recurring basis as of December 31, 2015 and 2014 (in thousands):

	Fair Value as of December 31, 2015
	Level 1		Level 2		Level 3		Total
Liabilities
Contingent consideration	$	—	$	—	$	3,457	$	3,457


	Fair Value as of December 31, 2014
	Level 1		Level 2		Level 3		Total
Liabilities
Contingent consideration	$	-	$	-	$	4,198	$	4,198

Summary of Changes in the Fair Value of the Liability

The following table summarizes the changes in the fair value of the liability during 2014 and 2015 (in thousands):


Balance at December 31, 2013	$	—
Acquisition contingent consideration		4,198
Balance at December 31, 2014		4,198
Payment of contingent consideration		(513	)
Mark-to-market of contingent consideration		(228	)
Balance at December 31, 2015	$	3,457