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Fair Value (Tables)
3 Months Ended
Mar. 31, 2017
Fair Value Disclosures [Abstract]  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis
The following table shows the fair value of the Company’s financial assets and liabilities that are required to be measured at fair value on a recurring basis as of March 31, 2017 and December 31, 2016 (amounts in thousands):
 
March 31, 2017
 
Fair Value Hierarchy
 
 
 
Quoted Prices in Active
Markets for Identical
Assets (Level 1)
 
Significant Other
Observable Inputs
(Level 2)
 
Significant
Unobservable
Inputs (Level 3)
 
Total Fair
Value
Assets:
 
 
 
 
 
 
 
Derivative assets
$
—

 
$
3,900

 
$
—

 
$
3,900

Total assets at fair value
$
—

 
$
3,900

 
$
—

 
$
3,900

Liabilities:
 
 
 
 
 
 
 
Derivative liabilities
$
—

 
$
(574
)
 
$
—

 
$
(574
)
Contingent consideration obligation
—

 
—

 
(4,500
)
 
(4,500
)
Total liabilities at fair value
$
—

 
$
(574
)
 
$
(4,500
)
 
$
(5,074
)
 
 
 
 
 
 
 
 
 
December 31, 2016
 
Fair Value Hierarchy
 
 
 
Quoted Prices in Active
Markets for Identical
Assets (Level 1)
 
Significant Other
Observable Inputs
(Level 2)
 
Significant
Unobservable
Inputs (Level 3)
 
Total Fair
Value
Assets:
 
 
 
 
 
 
 
Derivative assets
$
—

 
$
3,070

 
$
—

 
$
3,070

Total assets at fair value
$
—

 
$
3,070

 
$
—

 
$
3,070

Liabilities:
 
 
 
 
 
 
 
Derivative liabilities
$
—

 
$
(1,247
)
 
$
—

 
$
(1,247
)
Contingent consideration obligation
—

 
—

 
(5,640
)
 
(5,640
)
Total liabilities at fair value
$
—

 
$
(1,247
)
 
$
(5,640
)
 
$
(6,887
)
Schedule of Reconciliation of Fair Value of Recurring Level 3 Fair Value Measurements
The following table provides a rollforward of the fair value of recurring Level 3 fair value measurements for the three months ended March 31, 2017 and 2016 (amounts in thousands):
 
Three Months Ended
March 31,
 
2017
 
2016
Liabilities:
 
 
 
Contingent consideration obligation:
 
 
 
Beginning balance
$
5,640

 
$
5,340

Additions to contingent consideration obligation
—

 
—

Total changes in fair value included in earnings
(1,140
)
 
120

Ending balance
$
4,500

 
$
5,460

Unrealized (gains) losses still held (1)
$
(1,140
)
 
$
120


(1)
Represents the unrealized (gains) losses recorded in earnings or other comprehensive income (loss) during the period for liabilities classified as Level 3 that are still held at the end of the period.