Fair Value of Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2017

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 June 30, 2017:

(in thousands)	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total
Money market funds	$	8,331	$	-	$	-	$	8,331
Foreign exchange contracts		-		208		-		208
Total assets	$	8,331	$	208	$	-	$	8,539
Foreign exchange contracts	$	-	$	(4)	$	-	$	(4)
Contingent consideration		-		-		(1,552)		(1,552)
Total liabilities	$	-	$	(4)	$	(1,552)	$	(1,556)

Money market funds at both June 30, 2017 and December 31, 2016 are included in cash and cash equivalents in the respective consolidated balance sheets.

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

(in thousands)	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total
Money market funds	$	16,435	$	-	$	-	$	16,435
Foreign exchange contracts		-		141		-		141
Total assets	$	16,435	$	141	$	-	$	16,576
Foreign exchange contracts	$	-	$	(20)	$	-	$	(20)
Contingent consideration		-		-		(2,105)		(2,105)
Total liabilities	$	-	$	(20)	$	(2,105)	$	(2,125)

Rollforward of Fair Value of Contingent Consideration as Level 3

The following table provides a roll-forward of the fair value of the contingent consideration categorized as Level 3 for the six months ended June 30, 2017:

(in thousands)
Balance, January 1, 2017	$	2,105
Payments made on contingent liabilities		(850)
Change in fair value		297
Balance, June 30, 2017	$	1,552