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Fair Value Measurements (Tables)
 12 Months Ended
Dec. 31, 2014
Fair Value Disclosures [Abstract]  
Fair Value Measurements on a Recurring and Non-Recurring Basis
There were no transfers into or out of Level 1, 2 or 3 assets during the years ended December 31, 2014 and 2013. Transfers between levels are deemed to have occurred if the lowest level of input were to change.
Kforce’s measurements at fair value on a recurring and non-recurring basis as of December 31, 2014 and 2013 were as follows (in thousands):
Assets/(Liabilities) Measured at Fair Value:
Asset/(Liability)
 
Quoted Prices in
Active Markets
for Identical
Assets (Level 1)
 
Significant
Other
Observable
Inputs (Level 2)
 
Significant
Unobservable
Inputs (Level 3)
As of December 31, 2014
 
 
 
 
 
 
 
Recurring basis:
 
 
 
 
 
 
 
Money market funds (1)
$
—

 
$
—

 
$
—

 
$
—

Contingent liability (2)
$
(477
)
 
$
—

 
$
—

 
$
(477
)
As of December 31, 2013
 
 
 
 
 
 
 
Recurring basis:
 
 
 
 
 
 
 
Money market funds (1)
$
869

 
$
869

 
$
—

 
$
—

Non-recurring basis:
 
 
 
 
 
 
 
Goodwill (3)
$
48,900

 
$
—

 
$
—

 
$
48,900

(1)
See Note 11 – “Employee Benefit Plans” and Note 5 – “Other Assets” for additional discussion.
(2)
The contingent liability relates to the acquisition of a business within our GS reporting segment.
(3)
This amount is representative of the aggregated goodwill balance. The portion measured at fair value as of December 31, 2013 of $19.0 million was related to the GS segment. The remaining portion of the goodwill balance presented is at carrying value. See Note 6 – “Goodwill and Other Intangible Assets” for additional discussion.