Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2014

Fair Value, Assets Measured on Recurring Basis

The Company's assets and liabilities that are measured at fair value on a recurring basis, by level, within the fair value hierarchy as of June 30, 2014 and December 31, 2013, are summarized as follows (amounts in thousands):



	June 30, 2014								December 31, 2013
	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
Assets:
Cash equivalents:
Money market funds	$	8,488	$	—	$	—	$	8,488	$	13,674	$	—	$	—	$	13,674
Total assets	$	8,488	$	—	$	—	$	8,488	$	13,674	$	—	$	—	$	13,674

Liabilities:
Contingent earn-out	$	—	$	—	$	3,220	$	3,220	$	—	$	—	$	1,660	$	1,660
Total liabilities	$	—	$	—	$	3,220	$	3,220	$	—	$	—	$	1,660	$	1,660

Change in Fair Value of Level 3 Liabilities

The changes in fair value of the Level 3 liabilities are as follows (amounts in thousands):



	Contingent Earn-Out
	June 30, 2014			December 31, 2013
Balance, Beginning of Period	$	1,660		$	1,660
Synchronite addition (see Note 8)	1,810			—
Cash payment	(250		)	—
Balance, End of Period	$	3,220		$	1,660

- 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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