Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2014

The following table provides the liabilities carried at fair value measured on a recurring basis at June 30, 2014 and December 31, 2013 (in thousands):


	As of June 30, 2014 Using
	Level 1		Level 2		Level 3		Total
Other accrued expenses and other current liabilities:
Accrued acquisition payments	$	—	$	657	$	1,299	$	1,956

Other long-term liabilities:
Accrued acquisition payments, long-term portion		—		—		724		724

Total liabilities carried at fair value	$	—	$	657	$	2,023	$	2,680


	As of December 31, 2013 Using
	Level 1		Level 2		Level 3		Total
Other accrued expenses and other current liabilities:
Accrued acquisition payments	$	—	$	789	$	1,389	$	2,178

Other long-term liabilities:
Accrued acquisition payments, long-term portion		—		595		1,691		2,286

Total	$	—	$	1,384	$	3,080	$	4,464

Acquisition Related Obligations Level 3

Changes in the fair value of the Company’s Level 3 acquisition related obligations during the six months ended June 30, 2014 were as follows (in thousands):


Fair value at January 1, 2014	$	3,080
Changes in the fair value of acquisition consideration obligations		(34	)
Payments of deferred consideration obligations		(1,023	)

Fair value at June 30, 2014	$	2,023

- Definition

Tabular disclosure of liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). Where the quoted price in an active market for the identical liability is not available, the Level 1 input is the quoted price of an identical liability when traded as an asset.

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- 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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