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Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2017
Fair Value Measurements  
Schedule of financial assets and liabilities which are required to be measured at fair value

The following table presents, for each of the fair value hierarchy levels identified under ASC 820, our financial assets and certain liabilities that are required to be measured at fair value at December 31, 2017 and 2016 (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fair Value Measurements at Reporting Date

 

 

    

 

 

    

 

 

    

Significant

    

 

 

 

 

 

Amount

 

Quoted Prices

 

Other

 

Significant

 

 

 

Recorded

 

in Active Markets

 

Observable

 

Unobservable

 

 

 

on Balance

 

for Identical Assets

 

Inputs

 

Inputs

 

 

 

Sheet

 

(Level 1)

 

(Level 2)

 

(Level 3)

 

Assets as of December 31, 2017:

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash and cash equivalents

 

$

170,385

 

$

170,385

 

$

 —

 

$

 —

 

Liabilities as of December 31, 2017: 

 

 

 

 

 

 

 

 

 

 

 

 

 

Contingent consideration

 

$

716

 

$

 —

 

$

 —

 

$

716

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Assets as of December 31, 2016:

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash and cash equivalents

 

$

135,823

 

$

135,823

 

$

 —

 

$

 —

 

Liabilities as of December 31, 2016: 

 

 

 

 

 

 

 

 

 

 

 

 

 

    None

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Schedule of changes to the Company's contingent consideration liability Level 3 fair value measurements

The following table provides changes to our contingent consideration liability Level 3 fair value measurements during the years ended December 31, 2017 and 2016 (in thousands):

 

 

 

 

 

 

 

 

 

 

Significant Unobservable Inputs

 

 

 

(Level 3)

 

Contingent Consideration Liability

    

2017

    

2016

 

Beginning balance, January 1,

 

$

 —

 

$

 —

 

Florida Gas Contractors acquisition

 

 

1,200

 

 

 —

 

Change in fair value of contingent consideration liability during year

 

 

(484)

 

 

 —

 

Ending balance, December 31, 

 

$

716

 

$

 —