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Cash and Cash Equivalents and Fair Value of Financial Instruments (Tables)
12 Months Ended
Dec. 31, 2016
Fair Value Disclosures [Abstract]  
Assets Measured at Fair Value On A Recurring Basis
Cash and cash equivalents at December 31, 2016 and December 31, 2015 were as follows:
 
December 31, 2016
 
December 31, 2015
 
(In thousands)
Cash
$
54,488

 
$
72,103

Cash equivalents

 
10,114

Total cash and cash equivalents
$
54,488

 
$
82,217

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, 2016:
 
Level 1
 
Level 2
 
Level 3
 
Total
 
(In thousands)
Interest rate swap contracts
$

 
$
1,245

 
$

 
$
1,245

Total financial assets
$

 
$
1,245

 
$

 
$
1,245

Contingent consideration liability
$

 
$

 
$
2,400

 
$
2,400

Total financial liabilities
$

 
$

 
$
2,400

 
$
2,400

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