Fair Value (Tables)

9 Months Ended

Sep. 30, 2015

Fair Value Disclosures [Abstract]

Summary of Assets Measured at Fair Value on Recurring Basis

The following are the major categories of assets measured at fair value on a recurring basis as of September 30, 2015 and December 31, 2014, using quoted prices in active markets for identical assets (Level 1); significant other observable inputs (Level 2); and significant unobservable inputs (Level 3):

	September 30, 2015 (In thousands) (unaudited)
Description	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total September 30, 2015
Assets measured at fair value
Cash and Cash Equivalents	$	52,893	$	—	$	—	$	52,893
Total Assets measured at fair value	$	52,893	$	—	$	—	$	52,893
Liabilities measured at fair value
Contingent consideration	$	—	$	—	$	24,300	$	24,300
Total liabilities measured at fair value	$	—	$	—	$	24,300	$	24,300
	December 31, 2014 (In thousands)
Description	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total December 31, 2014
Assets measured at fair value
Cash and Cash Equivalents	$	34,766	$	—	$	—	$	34,766
Restricted Cash		250		—		—		250
Total Assets measured at fair value	$	35,016	$	—	$	—	$	35,016

Quantitative Information about Inputs and Valuation Methodologies Used for Fair Value Measurements Classified in Level 3

The following table presents quantitative information about the inputs and valuation methodologies used for the Company’s fair value measurements classified in Level 3 as of September 30, 2015:

	Fair Value at September 30, 2015 (In thousands)			Significant Unobservable Input	Weighted Average (range, if applicable)
Contingent consideration	$	24,300	Probability weighted income approach	Milestone dates	2016 to 2017
				Discount rate Probability of occurrence	7.5% to 9.0% 100%

Change in Fair Value of Contingent Consideration as Determined by Level 3 Inputs

The following table summarizes the change in fair value, as determined by Level 3 inputs, of the contingent consideration for the nine months ended September 30, 2015:

	September 30, 2015
	(In thousands)
	(unaudited)
Beginning balance	$	—
Additions		24,300
Change in fair value		—
Ending balance	$	24,300