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FAIR VALUE MEASUREMENTS (Tables)
12 Months Ended
Dec. 31, 2016
Fair Value Disclosures [Abstract]  
Summary of Financial Assets and Liabilities Carried at Fair Value on Recurring Basis

The following table summarizes the bases used to measure financial assets and liabilities that are carried at fair value on a recurring basis in the Consolidated Balance Sheets:

 

In thousands

 

 

 

 

 

 

Fair Value Measurements Using

 

 

Total as of

December 31, 2016

 

 

Level 1

Inputs

 

 

Level 2

Inputs

 

 

Level 3

Inputs

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Short-term investments

$

62

 

 

$

62

 

 

$

 

 

$

 

Derivative financial instruments

 

816

 

 

 

 

 

 

816

 

 

 

 

Total assets

$

878

 

 

$

62

 

 

$

816

 

 

$

 

Liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Contingent consideration

$

24,119

 

 

$

 

 

$

 

 

$

24,119

 

Total liabilities

$

24,119

 

 

$

 

 

$

 

 

$

24,119

 

 

In thousands

 

 

 

 

 

 

Fair Value Measurements Using

 

 

Total as of

December 31, 2015

 

 

Level 1

Inputs

 

 

Level 2

Inputs

 

 

Level 3

Inputs

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Short-term investments

$

69

 

 

$

69

 

 

$

 

 

$

 

Derivative financial instruments

 

1,207

 

 

 

 

 

 

1,207

 

 

 

 

Total assets

$

1,276

 

 

$

69

 

 

$

1,207

 

 

$

 

Liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Contingent consideration

$

25,390

 

 

$

 

 

$

 

 

$

25,390

 

Total liabilities

$

25,390

 

 

$

 

 

$

 

 

$

25,390

 

 

Changes to Contingent Consideration

Changes to contingent consideration are reflected in the table below:

 

In thousands

 

Contingent consideration at January 1, 2016

$

25,390

 

Increases due to acquisitions

 

988

 

Decrease due to payments

 

(3,057

)

Changes due to foreign currency fluctuations

 

2,849

 

Changes in fair value reflected in selling, general, and administrative expenses

 

(2,051

)

Contingent consideration at December 31, 2016

$

24,119