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Cash and Cash Equivalents and Fair Value of Financial Instruments (Tables)
12 Months Ended
Dec. 31, 2015
Fair Value Disclosures [Abstract]  
Assets Measured at Fair Value On A Recurring Basis
Cash and cash equivalents at December 31, 2015 and December 31, 2014 were as follows:
 
December 31,
2015
 
December 31, 2014
 
(In thousands)
Cash
$
72,103

 
$
61,311

Cash equivalents
10,114

 
64,577

Total cash and cash equivalents
$
82,217

 
$
125,888

Schedule of Financial Assets Measured at Fair Value
The following table represents the fair value hierarchy of the Company’s financial assets measured at fair value as of December 31, 2015:
 
Level 1
 
Level 2
 
Level 3
 
Total
 
(In thousands)
Money market funds
$
10,114

 
$

 
$

 
$
10,114

Forward contracts

 
32

 

 
32

Total financial assets
$
10,114

 
$
32

 
$

 
$
10,146

Contingent consideration liability
$

 
$

 
$
5,823

 
$
5,823

Total financial Liabilities
$

 
$

 
$
5,823

 
$
5,823

The following table represents the fair value hierarchy of the Company’s financial asset measured at fair value as of December 31, 2014:
 
Level 1
 
Level 2
 
Level 3
 
Total
 
(In thousands)
Money market funds
$
64,577

 
$

 
$

 
$
64,577

Total financial assets
$
64,577

 
$

 
$

 
$
64,577