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Fair Value Measurement (Tables)
12 Months Ended
Dec. 31, 2014
Fair Value Disclosures [Abstract]  
Assets and Liabilities Measured at Fair Value on Recurring Basis
The following table presents the Company’s hierarchy for its assets and liabilities measured at fair value on a recurring basis as of the following periods (in thousands):
 
December 31, 2014
 
December 31, 2013
 
Level 1
 
Level 2
 
Level 3
 
Total
 
Level 1
 
Level 2
 
Level 3
 
Total
Assets:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash equivalents
3,057

 

 

 
3,057

 
3,056

 

 

 
3,056

Total assets measured at fair value
$
3,057

 
$

 
$

 
$
3,057

 
$
3,056

 
$

 
$

 
$
3,056

Liabilities:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Contingent consideration

 

 
5,756

 
5,756

 

 

 
8,808

 
8,808

Total liabilities measured at fair value
$

 
$

 
$
5,756

 
$
5,756

 
$

 
$

 
$
8,808

 
$
8,808

Changes in Estimated Fair Value of Contingent Consideration Liabilities
Changes in estimated fair value of contingent consideration liabilities from December 31, 2013 through December 31, 2014 are as follows (in thousands):
 
Contingent consideration
liability
(Level 3 measurement)
Balance at December 31, 2013
$
8,808

Cash payments
(2,112
)
Net gain recorded for fair value adjustments
(910
)
Unrealized gain on foreign currency translation
(30
)
Balance at December 31, 2014
$
5,756