Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2017

Fair Value Disclosures [Abstract]

Fair Values of Financial Assets and Liabilities

The following table summarizes the fair values of our financial assets and liabilities as of March 31, 2017 (in thousands):

			Quoted Prices in				Significant Other
			Active Markets for		Significant Other		Unobservable
			Identical Assets		Observable Inputs		Inputs
	Fair Value		(Level 1)		(Level 2)		(Level 3)
Assets
Cash equivalents	$	1,881	$	1,881	$	—	$	—
Liabilities
Contingent consideration - Current	$	2,531	$	—	$	—	$	2,531
Contingent consideration - Long-term		—		—		—		—
	$	2,531	$	—	$	—	$	2,531

The following table summarizes the fair values of our financial assets and liabilities as of December 31, 2016 (in thousands):

			Quoted Prices in				Significant Other
			Active Markets for		Significant Other		Unobservable
			Identical Assets		Observable Inputs		Inputs
	Fair Value		(Level 1)		(Level 2)		(Level 3)
Assets
Cash equivalents	$	9,569	$	9,569	$	—	$	—
Liabilities
Contingent consideration - Current	$	2,775	$	—	$	—	$	2,775
Contingent consideration - Long-term		2,381		—		—		2,381
	$	5,156	$	—	$	—	$	5,156

Changes in Fair Value of Level 3 Contingent Consideration

Changes in the fair value of Level 3 contingent consideration during the three months ended March 31, 2017 were as follows (in thousands):

	Contingent Consideration
Balance at December 31, 2016	$	5,156
Payment to Applimotion		(1,192	)
Payment to Lincoln Laser		(1,433	)
Balance at March 31, 2017	$	2,531