XML 55 R44.htm IDEA: XBRL DOCUMENT v3.4.0.3
Assets and Liabilities Measured at Fair Value on a Recurring Basis (Detail) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Dec. 31, 2015
Monte Carlo Simulation Valuation Model    
Liabilities:    
Undiscounted maximum payment under the contingent consideration arrangements $ 7,900  
Increase in fair value of contingent consideration related to changes in foreign currency 100  
Fair Value, Inputs, Level 1 | Fair Value, Measurements, Recurring [Member]    
Assets:    
Short-term investments [1] 42,952 $ 42,994
Total 42,952 42,994
Fair Value, Inputs, Level 3 | Fair Value, Measurements, Recurring [Member]    
Liabilities:    
Contingent consideration [2] 2,820 2,695
Total $ 2,820 $ 2,695
[1] Short-term investments in the accompanying consolidated balance sheets are six-month U.S. Treasury Bills. The fair values of these assets are based on Level 1 inputs in the fair value hierarchy.
[2] Contingent consideration liability represents arrangements to pay the former owners of certain companies we acquired. The undiscounted maximum payment under the arrangements was $7.9 million at the end of the first quarter of 2016, based on future revenues, gross profits and certain milestones. We estimated the fair value of the contingent consideration using a Monte Carlo Simulation, which is based on significant inputs, primarily forecasted future results of the acquired businesses, not observable in the market, and thus represents a Level 3 measure. The increase in the fair value of the contingent consideration from December 31, 2015 to March 31, 2016 of $0.1 million related to changes in foreign currency.