Fair Value Measurements (Notes)

12 Months Ended

Dec. 31, 2015

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Fair Value Disclosures [Text Block]

NOTE 11 — Fair Value Measurements

The Company measures its financial assets and liabilities at fair value on a recurring basis using a three-tier fair value hierarchy, which prioritizes the inputs used in the valuation methodologies. The three levels of inputs used to measure fair value are as follows:

Level 1 — Valuations based on quoted prices for identical assets and liabilities in active markets.

Level 2 — Valuations based on observable inputs other than quoted prices included in Level 1, such as quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets and liabilities in markets that are not active, or other inputs that are observable or can be corroborated by observable market data.

Level 3 — Valuations based on unobservable inputs reflecting our own assumptions, consistent with reasonably available assumptions made by other market participants. These valuations require significant judgment.

Recurring Fair Value Measurements

Financial assets and liabilities measured at fair value on a recurring basis and presented in the Company’s consolidated balance sheets are as follows:

	December 31, 2015
	Total		Level 2		Level 3
Foreign currency forward contracts	$	561	$	561	$	—
Total financial assets	$	561	$	561	$	—
Foreign currency forward contracts	$	470	$	470	$	—
Contingent consideration liabilities	1,761		—		1,761
Total financial liabilities	$	2,231	$	470	$	1,761

	December 31, 2014
	Total		Level 2		Level 3
Foreign currency forward contracts	$	49	$	49	$	—
Contingent consideration liabilities	1,074		—		1,074
Total financial liabilities	$	1,123	$	49	$	1,074

Refer to Note 8 for further information regarding foreign currency forward contracts and Note 10 for further information regarding contingent consideration liabilities.

Non-Recurring Fair Value Measurements

During 2015, the Company recorded asset impairment charges of $255,116. Refer to Note 3, Asset Impairments, for further information regarding these charges and the associated significant unobservable inputs.