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Fair Value Measurement (Tables)
6 Months Ended
Jun. 30, 2016
Fair Value Measurement [Abstract]  
Schedule of assets and liabilities measured at fair value on a recurring basis

Assets and liabilities measured at fair value on a recurring basis consist of the following as of June 30, 2016 (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fair Value Measurements at Reporting Date Using

 

 

    

 

 

    

Quoted Prices in

    

Significant

    

 

 

 

 

 

 

 

 

Active Markets

 

Other

 

Significant

 

 

 

 

 

 

for Identical

 

Observable

 

Unobservable

 

 

 

June 30,

 

Assets/Liabilities

 

Inputs

 

Inputs

 

 

 

2016

 

(Level 1)

 

(Level 2)

 

(Level 3)

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

$

100

 

$

100

 

$

 —

 

$

 —

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

Deferred payments

 

$

12,590

 

$

 —

 

$

 —

 

$

12,590

 

 

Assets and liabilities measured at fair value on a recurring basis consist of the following as of December 31, 2015 (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fair Value Measurements at Reporting Date Using

 

 

 

 

 

 

Quoted Prices in

    

Significant

    

 

 

 

 

 

 

 

 

Active Markets

 

Other

 

Significant

 

 

 

 

 

 

for Identical

 

Observable

 

Unobservable

 

 

 

December 31,

 

Assets/Liabilities

 

Inputs

 

Inputs

 

 

    

2015

    

(Level 1)

    

(Level 2)

    

(Level 3)

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

$

100

 

$

100

 

$

 —

 

$

 —

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

Deferred payments

 

$

3,278

 

$

 —

 

$

 —

 

$

3,278

 

 

Schedule of changes in fair value of level 3 liability

 

 

 

 

 

 

    

Deferred

 

 

 

Payments

 

Balance at December 31, 2015

 

$

3,278

 

Amounts earned

 

 

(468)

 

Contingent consideration in connection with NYCDA acquisition

 

 

8,500

 

Adjustments to fair value

 

 

1,280

 

Balance at June 30, 2016

 

$

12,590