Fair Value Measurement (Tables)

12 Months Ended

Dec. 31, 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):



	December 31, 2015								December 31, 2014
	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
Assets:
Cash equivalents	133,147		—		—		133,147		3,057		—		—		3,057
Total assets measured at fair value	$	133,147	$	—	$	—	$	133,147	$	3,057	$	—	$	—	$	3,057
Liabilities:
Contingent consideration	—		—		5,516		5,516		—		—		5,756		5,756
Total liabilities measured at fair value	$	—	$	—	$	5,516	$	5,516	$	—	$	—	$	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 December 31, 2015 are as follows (in thousands):



	Contingent consideration liability (Level 3 measurement)
Balance at December 31, 2014	$	5,756
Cash payments	(129		)
Net gain recorded for fair value adjustments	(88		)
Unrealized gain on foreign currency translation	(23		)
Balance at December 31, 2015	$	5,516