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FAIR VALUE MEASUREMENTS (Tables)
6 Months Ended
Jun. 30, 2017
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 on the Condensed Consolidated Balance Sheets:

 

In thousands

 

 

 

 

 

 

Fair Value Measurements Using

 

 

Total as of

June 30, 2017

 

 

Level 1

Inputs

 

 

Level 2

Inputs

 

 

Level 3

Inputs

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Short-term investments

$

64

 

 

$

64

 

 

$

 

 

$

 

Derivative financial instruments

 

476

 

 

 

 

 

 

476

 

 

 

 

Total

$

540

 

 

$

64

 

 

$

476

 

 

$

 

Liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Contingent consideration

$

22,985

 

 

$

 

 

$

 

 

$

22,985

 

 

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

$

878

 

 

$

62

 

 

$

816

 

 

$

 

Liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Contingent consideration

$

24,119

 

 

$

 

 

$

 

 

$

24,119

 

 

Changes to Contingent Consideration

Changes to contingent consideration are reflected in the table below:

 

In thousands

 

Contingent consideration as of January 1, 2017

$

24,119

 

Increases due to acquisitions

 

53

 

Changes due to foreign currency fluctuations

 

80

 

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

 

401

 

Other

 

(1,668

)

Contingent consideration as of June 30, 2017

$

22,985