Fair Value Measurement (Tables)

9 Months Ended

Sep. 30, 2012

Asset and Liabilities Carried at Fair Value Measured on Recurring Basis

The following table provides the assets and liabilities carried at fair value measured on a recurring basis as of September 30, 2012:


	Fair Value Measurements at September 30, 2012

(in thousands)	Total Carrying Value		(Level 1)		(Level 2)		(Level 3)
Cash and cash equivalents	$	205,731	$	205,731	$	—	$	—
Short term investments	$	97,891	$	97,891	$	—	$	—
Contingent consideration, short-term	$	8,042	$	—	$	—	$	8,042
Contingent consideration, long-term	$	16,909	$	—	$	—	$	16,909

Rollforward of Activity in Level Three

The following table provides a rollfoward of activity in Level 3:


(in thousands)
Balance December 31, 2011	$	20,189
Change in fair value from re-measurement		3,594
Impact of foreign currency translation		1,168

Balance at September 30, 2012	$	24,951

- Definition

Tabular disclosure of the fair value measurement of liabilities using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and gains or losses recognized in other comprehensive income (loss) and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs) by class of liability.

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