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Fair Value Measurements (Tables)
 3 Months Ended
Mar. 31, 2017
Fair Value Measurements  
Summary of fair values and levels within the fair value hierarchy in which the fair value measurements fall for assets and liabilities measured on a recurring basis

The following table summarizes the fair values, and levels within the fair value hierarchy in which the fair value measurements fall, for assets and liabilities measured on a recurring basis as of March 31, 2017 (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance

 

Fair Value Measurements at Reporting Date

 

 

 

March 31,

 

 

 

 

 

 

 

 

    

2017

    

Level 1

    

Level 2

    

Level 3

 

Cash and cash equivalents

 

$

31,444

 

$

31,444

 

$

 —

 

$

 —

 

Life insurance—cash surrender value

 

$

3,504

 

$

 —

 

$

3,504

 

$

 —

 

Contingent earn-out obligations

 

$

2,557

 

$

 —

 

$

 —

 

$

2,557

 

 

Schedule of reconciliation of the fair value of contingent earn-out obligations that use significant unobservable inputs (Level 3)

The table below presents a reconciliation of the fair value of our contingent earn-out obligations that use significant unobservable inputs (Level 3) (in thousands).

 

 

 

 

 

 

Balance at beginning of year

    

$

2,531

 

Issuances

 

 

 —

 

Settlements

 

 

 —

 

Adjustments to fair value

 

 

26

 

Balance at March 31, 2017

 

$

2,557