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Fair Value (Tables)
12 Months Ended
Dec. 31, 2017
Fair Value Disclosures [Abstract]  
Fair Value Measurements, Recurring and Nonrecurring
The valuation methodologies used for the Company's financial instruments measured on a recurring basis at fair value, including the general classification of such instruments pursuant to the valuation hierarchy, is set forth in the tables below.
 
(in thousands)
 
As of December 31, 2017
 
Fair Value Measurements
 
 
 
Carrying 
Amount
 
Fair Value
 
Level 1
 
Level 2
 
Level 3
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Liabilities:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Deferred acquisition cost
 
$
0
 
$
0
 
 
 
 
 
 
 
$
0
 
 
(in thousands)
 
As of December 31, 2016
 
Fair Value Measurements
 
 
 
Carrying 
Amount
 
Fair Value
 
Level 1
 
Level 2
 
Level 3
 
Liabilities:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Deferred acquisition cost
 
$
789
 
$
789
 
 
 
 
 
 
 
$
789
 
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation
The following is a rollforward of deferred acquisition costs in 2016 and 2017.
 
(in thousands)
 
Acquisition of Polar
 
2015 
Acquisition
 
Total Deferred
Acquisition Cost
Payable
 
Balance at January 1, 2016
 
$
667
 
$
1,235
 
$
1,902
 
Payments
 
 
(667)
 
 
(1,010)
 
 
(1,677)
 
Total adjustments included in earnings
 
 
 
 
564
 
 
564
 
Balance at December, 31, 2016
 
$
 
$
789
 
$
789
 
Payments
 
 
 
 
(789)
 
 
(789)
 
Total adjustments included in earnings
 
 
 
 
 
 
 
Balance at December 31, 2017
 
$
 
$
 
$