Fair Value of Financial Instruments (Tables)

9 Months Ended

Sep. 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 September 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	$	3,238	$	-	$	-	$	3,238
Foreign exchange contracts		-		280		-		280
Total assets	$	3,238	$	280	$	-	$	3,518
Foreign exchange contracts	$	-	$	-	$	-	$	-
Contingent consideration		-		-		(1,691)		(1,691)
Total liabilities	$	-	$	-	$	(1,691)	$	(1,691)

Money market funds at both September 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 nine months ended September 30, 2017:

(in thousands)
Balance, January 1, 2017	$	2,105
Payments made on contingent liabilities		(850)
Change in fair value		436
Balance, September 30, 2017	$	1,691