FAIR VALUE MEASUREMENTS (Tables)

6 Months Ended

Jun. 30, 2019

Schedule of Fair Value of Financial Assets Measured on Recurring Basis

Financial assets reported at fair value on a recurring basis included the following (unaudited)(in thousands):



	June 30, 2019		December 31, 2018
Lumber derivative contracts (Level 1) ⁽¹⁾	$	14	$	5

Contingent earn-out receivable, current (based on Level 3 inputs): ⁽²⁾	$	—	$	63

⁽¹⁾ Our Level 1 assets (lumber derivative contracts recorded in Other current assets in the condensed consolidated balance sheet) fair value is based upon quoted market prices.

⁽²⁾The contingent earn-out receivable related to the transfer of our test handler product line to Boston Semi Automation LLC ("BSA") in April 2014. As of December 31, 2018, all payments by BSA had been made.

Schedule of Quantitative Information Level 3 Fair Value Assets and Liabilities

Quantitative information about Level 3 fair value measurements on a recurring basis at December 31, 2018 is summarized in the table below:

Fair Value Asset

Valuation Technique

Unobservable Input

Unobservable Input
Amount

Contingent earn-out receivable related to transfer of test handler product line

Discounted cash flow

Total revenue for the remaining royalty period

$6.9 million

Discount rate