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Fair Value Measurement (Tables)
12 Months Ended
Dec. 31, 2017
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 December 31, 2017 (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

 

 

 

2017

 

(Level 1)

 

(Level 2)

 

(Level 3)

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

$

113

 

$

113

 

$

 —

 

$

 —

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

Deferred payments

 

$

4,514

 

$

 —

 

$

 —

 

$

4,514

 

 

Assets and liabilities measured at fair value on a recurring basis consist of the following as of December 31, 2016 (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

 

 

    

2016

    

(Level 1)

    

(Level 2)

    

(Level 3)

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

$

5,103

 

$

5,103

 

$

 —

 

$

 —

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

Deferred payments

 

$

11,741

 

$

 —

 

$

 —

 

$

11,741

 

 

Schedule of changes in fair value of level 3 liability

 

 

Changes in the fair value of the Company’s Level 3 liabilities during the years ended December 31, 2016 and 2017 are as follows (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2016

 

2017

Balance as of the beginning of period

 

$

3,278

 

$

11,741

Amounts paid

 

 

(7,358)

 

 

(1,133)

Contingent consideration in connection with NYCDA acquisition

 

 

14,500

 

 

 —

Other adjustments to fair value

 

 

1,321

 

 

(6,094)

Balance at end of period

 

$

11,741

 

$

4,514