Fair Value Measurements

6 Months Ended

Jun. 30, 2015

Fair Value Disclosures [Abstract]

Fair Value Measurements

6. FAIR VALUE MEASUREMENTS

Financial assets reported at fair value on a recurring basis included the following at June 30, 2015 (in thousands):

	Level 1		Level 2		Level 3
Contingent earn-out receivable related to the transfer of test handler product line:
Current portion	$	—	$	—	$	610
Noncurrent portion		—		—		778
Total	$	—	$	—	$	1,388

The following table summarizes the Level 3 activity for our earn-out receivable related to the transfer of our test handler product line (in thousands):

	Level 3
Balance at December 31, 2014	$	2,300
Subtract - settlements		(912	)
Balance at June 30, 2015	$	1,388

Quantitative information about Level 3 fair value measurements on a recurring basis at June 30, 2015 is summarized in the table below:

Fair Value Asset	Valuation Technique	Unobservable Input	Amount
Earn-out receivable related to transfer of test handler product line	Discounted cash flow	Total projected revenue Revenue growth rate Performance weighted average Discount rate	$21 million 0 % 60% to 125% 10 %