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Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2020
Fair Value Disclosures [Abstract]  
Assets Carried at Fair Value and Measured on Recurring Basis

The fair value hierarchy of the Company’s financial assets carried at fair value and measured on a recurring basis is as follows:

 

 

 

 

 

 

 

Fair Value Measurements at

Reporting Date Using

 

 

 

For the three months ended

 

 

Quoted Prices

in Active

Markets for

Identical Assets

(Level 1)

 

 

Significant

Other

Observable

Inputs

(Level 2)

 

 

Significant

Unobservable

Inputs

(Level 3)

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Short-term investments(1)

 

$

4,887

 

 

$

 

 

$

4,887

 

 

$

 

Total assets

 

$

4,887

 

 

$

 

 

$

4,887

 

 

$

 

Liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Contingent consideration - current (2)

 

$

613

 

 

$

 

 

$

 

 

$

613

 

Contingent consideration - non-current (2)

 

 

366

 

 

 

 

 

 

 

 

 

366

 

Total liabilities

 

$

979

 

 

$

 

 

$

 

 

$

979

 

 

(1)

Short-term U.S. Treasury securities, their fair value is calculated using an interest rate yield curve for similar instruments.

(2)

The Company’s valuation techniques and Level 3 inputs used to estimate the fair value of contingent consideration payable in connection with the acquisition are described in Note 14.