Fair Value of Financial Instruments (Tables)

9 Months Ended

Sep. 30, 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 September 30, 2016:

(in thousands)	Level 1		Level 2			Level 3			Total
Money market funds	$	11,219	$	-		$	-		$	11,219
Total assets	$	11,219	$	-		$	-		$	11,219
Foreign exchange contracts	$	-	$	(230	)	$	-		$	(230	)
Contingent consideration liability		-		-			(1,941	)		(1,941	)
Total liabilities	$	-	$	(230	)	$	(1,941	)	$	(2,171	)

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

(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 nine months ended September 30, 2016:

(in thousands)
Contingent consideration:
Beginning balance at January 1, 2016	$	3,732
Payments made on contingent liabilities		1,421
Change in fair value		370
Ending balance	$	1,941