Contingent Consideration

9 Months Ended

Sep. 30, 2013

Contingent Consideration [Abstract]

Contingent Consideration

11. Contingent Consideration

ASC 805 requires that contingent consideration be recognized at fair value on the acquisition date and be remeasured each reporting period with subsequent adjustments recognized in the consolidated statement of operations.

As of September 30, 2013 and December 31, 2012, contingent consideration included in the other current liabilities on the consolidated balance sheet totaled $479,000 and $1.6 million, respectively.  As of September 30, 2013 and December 31, 2012, the Company also had accrued contingent consideration totaling $391,000 and $902,000, respectively, which is included in other long-term liabilities on the consolidated balance sheet and represents the portion of contingent consideration estimated to be payable greater than twelve months from the balance sheet date.  During the three and nine months ended September 30, 2013, the Company made payments of $702,000 and $1.9 million, respectively, related to the liability classified contingent consideration arrangements.  During the three and nine months ended September 30, 2012, the Company made payments of $39,000 and $845,000, respectively, related to the liability classified contingent consideration arrangements.