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Fair Value Measurements (Tables)
9 Months Ended
Sep. 30, 2015
Fair Value Disclosures [Abstract]  
Financial Assets and Liabilities Measured at Fair Value on Recurring Basis

The Company’s fair value hierarchy for its financial assets and liabilities that are measured at fair value on a recurring basis are as follows (in thousands):

 

 

September 30, 2015

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds (1)

$

14,940

 

 

$

 

 

$

 

 

$

14,940

 

Total

$

14,940

 

 

$

 

 

$

 

 

$

14,940

 

Liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Contingent consideration (2)

$

 

 

$

 

 

$

2,532

 

 

$

2,532

 

Total

$

 

 

$

 

 

$

2,532

 

 

$

2,532

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2014

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Money market funds (1)

$

14,928

 

 

$

 

 

$

 

 

$

14,928

 

Total

$

14,928

 

 

$

 

 

$

 

 

$

14,928

 

Liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Contingent consideration (2)

$

 

 

$

 

 

$

1,048

 

 

$

1,048

 

Total

$

 

 

$

 

 

$

1,048

 

 

$

1,048

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(1) Included in cash and cash equivalents

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(2) Included in other current liabilities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Summary of Changes in Contingent Consideration

The following table represents the change in the contingent consideration (in thousands):

 

 

 

 

 

 

 

 

Level 3

 

Balance as of December 31, 2014

 

 

 

 

 

 

$

1,048

 

Change in fair value

 

 

 

 

 

 

 

1,484

 

Balance as of September 30, 2015

 

 

 

 

 

 

$

2,532