Fair Value Accounting (Tables)

3 Months Ended

Mar. 31, 2016

Financial Assets by Major Security Type and Contingent Consideration Liability Measured at Fair Value on Recurring Basis

The following table represents the fair value hierarchy for our financial assets (cash equivalents, marketable securities and restricted cash) by major security type and contingent consideration liability measured at fair value on a recurring basis as of March 31, 2016 and December 31, 2015 (in thousands):

March 31, 2016	Level 1		Level 2		Level 3		Total
Assets
Money market funds	$	4,408	$	—	$	—	$	4,408
Total assets	$	4,408	$	—	$	—	$	4,408
Liabilities
Contingent consideration liability	$	—	$	—	$	2,600	$	2,600
Total liabilities	$	—	$	—	$	2,600	$	2,600

December 31, 2015	Level 1		Level 2		Level 3		Total
Assets
Money market funds	$	6,806	$	—	$	—	$	6,806
Total assets	$	6,806	$	—	$	—	$	6,806
Liabilities
Contingent consideration liability	$	—	$	—	$	2,800	$	2,800
Total liabilities	$	—	$	—	$	2,800	$	2,800

Schedule of Cash Equivalents and Marketable Securities

	Amortized						Unrealized
March 31, 2016	Cost			Fair Value			Gain/(Loss)
Money market funds	$	4,408		$	4,408		$	—
Total		4,408			4,408			—
Less amounts classified as cash equivalents		(4,408	)		(4,408	)		—
Total marketable securities	$	—		$	—		$	—

	Amortized						Unrealized
December 31, 2015	Cost			Fair Value			Gain/(Loss)
Money market funds	$	6,806		$	6,806		$	—
Total		6,806			6,806			—
Less amounts classified as cash equivalents		(6,806	)		(6,806	)		—
Total marketable securities	$	—		$	—		$	—

Fair Value Measurement of Contingent Consideration Liability

The following table represents a reconciliation of the change in the fair value measurement of the contingent consideration liability for the three months ended March 31, 2016 and 2015 (in thousands):

	Three Months Ended
	March 31,
	2016			2015
Beginning balance	$	2,800		$	30,800
Payments made		—			(867	)
Adjustments to fair value measurement		(200	)		(14,833	)
Ending balance	$	2,600		$	15,100