Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2020

Schedule of Assets and Liabilities Measured at Fair Value on a Recurring Basis

The following table sets forth the fair value hierarchy information for each major category of the Company’s assets and liabilities measured at fair value on a recurring basis as of June 30, 2020 and December 31, 2019:



(in thousands)	Quoted Prices in Active Markets for Identical Items (Level 1)		Significant Other Observable Inputs (Level 2)			Significant Unobservable Inputs (Level 3)			Total
June 30, 2020
Assets:
Money market funds	$	20,296	$	—		$	—		$	20,296
Derivative assets	—		566			—			566
Total assets	$	20,296	$	566		$	—		$	20,862
Liabilities:
Contingent consideration	$	—	$	—		$	(939	)	$	(939	)
Derivative liabilities	—		(1,314		)	—			(1,314		)
Total liabilities	$	—	$	(1,314	)	$	(939	)	$	(2,253	)
December 31, 2019
Assets:
Money market funds	$	7,108	$	—		$	—		$	7,108
Derivative assets	—		583			—			583
Total assets	$	7,108	$	583		$	—		$	7,691
Liabilities:
Contingent consideration	$	—	$	—		$	(894	)	$	(894	)
Derivative liabilities	—		(1,463		)	—			(1,463		)
Total liabilities	$	—	$	(1,463	)	$	(894	)	$	(2,357	)

Summary of Changes in Fair Value of Contingent Consideration Liability

The following table sets forth a summary of changes in the fair value of the Company’s contingent consideration liability as of June 30, 2020:



(in thousands)	Contingent Consideration
Balance as of January 1, 2020	$	894
Accretion	45
Balance as of June 30, 2020	$	939