Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2015

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):



	June 30, 2015								December 31, 2014
	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
Assets:
Cash equivalents	$	178,103	$	—	$	—	$	178,103	$	3,057	$	—	$	—	$	3,057
Total assets measured at fair value	$	178,103	$	—	$	—	$	178,103	$	3,057	$	—	$	—	$	3,057
Liabilities:
Contingent consideration	—		—		5,608		5,608		—		—		5,756		5,756
Total liabilities measured at fair value	$	—	$	—	$	5,608	$	5,608	$	—	$	—	$	5,756	$	5,756

Changes in Estimated Fair Value of Contingent Consideration Liabilities

Changes in estimated fair value of contingent consideration liabilities from December 31, 2014 through June 30, 2015 are as follows (in thousands):



	Contingent consideration liabilities (Level 3 measurement)
Balance at December 31, 2014	$	5,756
Cash payments	(129		)
Unrealized gain on foreign currency translation	(19		)
Balance at June 30, 2015	$	5,608