Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2017

Fair Value of Financial Assets and Liabilities Measured on Recurring Basis

The following tables present the Company’s hierarchy for its assets and liabilities measured at fair value on a recurring basis as of June 30, 2017 and December 31, 2016 (in thousands):

	Fair Value as of June 30, 2017
	Level 1		Level 2		Level 3		Total
Liabilities
Contingent consideration	$	—	$	—	$	2,623	$	2,623


	Fair Value as of December 31, 2016
	Level 1		Level 2		Level 3		Total
Liabilities
Contingent consideration	$	—	$	—	$	2,733	$	2,733

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 six months ended June 30, 2017 (in thousands):

Balance at December 31, 2016	$	2,733
Payment of contingent consideration		(400	)
Fair value adjustment of contingent consideration		290
Balance at June 30, 2017	$	2,623