Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2013

Fair Value of Assets and Liabilities on a Recurring Basis

The following table presents information about the Company’s financial assets and liabilities that are measured at fair value on a recurring basis as of December 31, 2013, and indicates the fair value hierarchy of the valuation techniques the Company utilized to determine such fair value:

	December 31, 2013		Significant Unobservable Inputs (Level 3)
Liabilities:
Contingent consideration	$	7	$	7

Changes in the Fair Value of the Level 3 Liabilities

Changes in the fair value of these obligations are recorded as income or expense within the line item “Other income (expense)” in the Company’s consolidated statements of operations. Accretion expense related to the increase in the net present value of the contingent liabilities is also included in the line item “Other income (expense)” in the Company’s consolidated statements of operations. The fair value measurement is based on significant inputs not observable in the market, which are referred to as Level 3 inputs. Changes in the fair value of the Level 3 liabilities for the year ended December 31, 2013:

(10) FAIR VALUE MEASUREMENTS (continued)

Balance at beginning of 2012	$	-
Additions		135
Accretion expense		21
Change in fair value of contingent consideration		(52	)
Balance at end of 2012		104
Payments		(3	)
Accretion expense		12
Change in fair value of contingent consideration		(106	)
Balance at end of 2013	$	7