Fair Value of Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2018

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, 2018:

(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	$	852	$	-		$	-	$	852
Foreign exchange contracts		-		14			-		14
Total assets	$	852	$	14		$	-	$	866
Liability awards	$	-	$	(404	)	$	-	$	(404	)
Interest rate swap contract		-		(39	)		-		(39	)
Total liabilities	$	-	$	(443	)	$	-	$	(443	)

Money market funds at both September 30, 2018 and December 31, 2017 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, 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	$	3,240	$	-		$	-		$	3,240
Foreign exchange contracts		-		201			-			201
Total assets	$	3,240	$	201		$	-		$	3,441
Liability awards	$	-	$	(242	)	$	-		$	(242	)
Contingent consideration		-		-			(1,701	)		(1,701	)
Total liabilities	$	-	$	(242	)	$	(1,701	)	$	(1,943	)

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, 2018:

(in thousands)
Balance, January 1, 2018	$	1,701
Payments made on contingent liabilities		(1,701	)
Change in fair value		-
Balance, September 30, 2018	$	-