Fair Value of Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2016

Fair Value of Financial Instruments [Abstract]

Assets and liabilities measured at fair value

The following table presents assets and liabilities measured at fair value at March 31, 2016:

	Quoted Prices in Active Markets for Identical Assets		Significant Other Observable Inputs			Significant Unobservable Inputs
(in thousands)	(Level 1)		(Level 2)			(Level 3)			Total
Money market funds	$	10,355	$	-		$	-		$	10,355
Foreign exchange contracts		-		39			-			39
Total assets	$	10,355	$	39		$	-		$	10,394
Foreign exchange contracts	$	-	$	(159	)	$	-		$	(159	)
Contingent consideration liability		-		-			(2,242	)		(2,242	)
Total liabilities	$	-	$	(159	)	$	(2,242	)	$	(2,401	)

The following table presents assets and liabilities measured at fair value at December 31, 2015:

	Quoted Prices in Active Markets for Identical Assets		Significant Other Observable Inputs			Significant Unobservable Inputs
(in thousands)	(Level 1)		(Level 2)			(Level 3)			Total
Money market funds	$	8,979	$	-		$	-		$	8,979
Foreign exchange contracts		-		121			-			121
Total assets	$	8,979	$	121		$	-		$	9,100
Foreign exchange contracts	$	-	$	(57	)	$	-		$	(57	)
Contingent consideration liability		-		-			(3,732	)		(3,732	)
Total liabilities	$	-	$	(57	)	$	(3,732	)	$	(3,789	)

The following table provides a roll-forward of the fair value of the contingent consideration categorized as Level 3 for the three months ended March 31, 2016:

(in thousands)	Three months ended
	March 31, 2016
Contingent consideration:
Beginning balance	$	3,732
Payments made on contingent liabilities		(1,421	)
Change in fair value and other		(69	)
Ending balance	$	2,242