Fair Value Measurement (Tables)

12 Months Ended

Dec. 31, 2017

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, 2017								December 31, 2016
	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
Assets:
Cash equivalents	36,086		—		—		36,086		133,540		—		—		133,540
Total assets at fair value	$	36,086	$	—	$	—	$	36,086	$	133,540	$	—	$	—	$	133,540
Liabilities:
Contingent consideration	—		—		24,301		24,301		—		—		5,175		5,175
Deferred consideration	—		223,158		—		223,158		—		—		—		—
Total liabilities at fair value	$	—	$	223,158	$	24,301	$	247,459	$	—	$	—	$	5,175	$	5,175

Changes in Estimated Fair Value of Contingent Consideration Liabilities

Changes in estimated fair value of contingent consideration liabilities from December 31, 2016 through December 31, 2017 are as follows (in thousands):



	Contingent consideration liability (Level 3 measurement)
Balance at December 31, 2016	$	5,175
Cash payments	(498		)
Net gain recorded for fair value adjustments	(80		)
Additional liability recorded for the BNP Business	19,700
Unrealized loss on foreign currency translation	4
Balance at December 31, 2017	$	24,301