Fair Value Measurement (Tables)

6 Months Ended

Jun. 30, 2017

The fair value of our instruments measured on a non-recurring basis during the three and six months ended June 30, 2017 were as follows (in thousands):



	Fair Value Measurements Using:
	Fair Value		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total Gains (Losses)
Warrant	$	2,140	$	—	$	—	$	2,140	$	—

Fair Value Inputs, Assets, Quantitative Information

The following is quantitative information about our significant unobservable inputs used in our Level 3 fair value measurements (dollars in thousands):



	Fair Value at June 30, 2017		Valuation Technique	Unobservable Inputs	Quantitative Inputs Used
Warrant	$	2,140	Monte Carlo	Volatility of underlying	50.0	%
				Risk-free rate	1.78	%
				Dividend yield	—	%
				Probability of Designated Event (1)	0% - 15%
				Timing of Designated Event (1)	2-5 years from issuance

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(1) Refers to certain change of control transactions, defined as a "Designated Event" as in the Warrant Agreement.