Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2014

Fair Value of Financial Assets and (Liabilities) Measured on Recurring Basis

The disclosures related to our financial assets and (liabilities) that are reported at fair value on a recurring basis are as follows (in thousands):


	December 31, 2014				December 31, 2013
	Fair Value		Input Level		Fair Value			Input Level
Marketable securities – corporate equities	$	6		Level 1	$	1			Level 1
Marketable securities – corporate obligations	$	1,620		Level 2	$	4,277			Level 2
Forward sale contracts for Japanese yen	$	2,510		Level 2	$	523			Level 2
Forward purchase contract for euro	$	726		Level 2	$	2,061			Level 2
Forward sale contract for euro	$	22,056		Level 2	$	24,561			Level 2
Contingent consideration related to the RTP Acquisition	$	—		Level 3	$	(1,350	)		Level 3

Summary of Level 3 Activity for Contingent Consideration Liability

The following table summarizes our Level 3 activity for our contingent consideration liability (in thousands):


	Level 3
Balance at December 31, 2013	$	1,350
Decrease in contingent consideration due to re-measurement		(522	)
Payment of contingent consideration		(828	)

Balance at December 31, 2014	$	—

- Definition

Tabular disclosure of the fair value measurement of liabilities using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and gains or losses recognized in other comprehensive income (loss) and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs) by class of liability.

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