Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2016

Fair Value Liabilities Measured on Recurring Basis

The following tables present the Company’s hierarchy for its liabilities measured at fair value on a recurring basis as of September 30, 2016 and December 31, 2015 (in thousands):

	Fair Value as of September 30, 2016
	Level 1		Level 2		Level 3		Total
Liabilities
Contingent consideration	$	—	$	—	$	1,930	$	1,930


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

Summary of Changes in the Fair Value of the Liability

The following table summarizes the changes in the fair value of the liability during the nine months ended September 30, 2016 (in thousands):

Balance at December 31, 2015	$	3,457
Payment of contingent consideration		(627	)
Fair value adjustment of contingent consideration		(900	)
Balance at September 30, 2016	$	1,930