Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2020

Fair Value Disclosures [Abstract]

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, 2020								December 31, 2019
	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
Assets:
Cash equivalents (money market funds)	$	50,054	$	—	$	—	$	50,054	$	—	$	—	$	—	$	—
Derivative assets	—		187		—		187		—		321		—		321
Total assets measured at fair value	$	50,054	$	187	$	—	$	50,241	$	—	$	321	$	—	$	321
Liabilities:
Derivative liabilities	$	—	$	343	$	—	$	343	$	—	$	433	$	—	$	433
Derivative liabilities - Convertible Senior Notes converted in cash	—		27,264		—		27,264		—		—		—		—
Contingent consideration	—		—		11,349		11,349		—		—		16,535		16,535
Deferred consideration	—		112,994		—		112,994		—		151,382		—		151,382
Total liabilities measured at fair value	$	—	$	140,601	$	11,349	$	151,950	$	—	$	151,815	$	16,535	$	168,350

Changes in Estimated Fair Value of Contingent Consideration Liabilities

Changes in estimated fair value of contingent consideration liabilities from December 31, 2019 through June 30, 2020 were as follows (in thousands):

	Contingent consideration liabilities (Level 3 measurement)
Balance at December 31, 2019	$	16,535
Cash payments	(6,034)
Change in estimated fair value, recorded in general and administrative expenses	848
Balance at June 30, 2020	$	11,349