Fair Value of Financial Instruments (Tables)

12 Months Ended

Dec. 31, 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 December 31, 2018:

	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	$	824	$	-		$	-	$	824
Foreign exchange contracts		-		43			-		43
Total assets	$	824	$	43		$	-	$	867
Liability awards		-		(118	)		-		(118	)
Interest rate swap contract		-		(103	)		-		(103	)
Total liabilities	$	-	$	(221	)	$	-	$	(221	)

The following table presents assets and liabilities measured at fair value at December 31, 2017:

	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	$	3,240	$	-		$	-		$	3,240
Foreign exchange contracts		-		201			-			201
Total assets	$	3,240	$	201		$	-		$	3,441
Liability awards	$	-	$	(242	)	$	-		$	(242	)
Contingent consideration liability		-		-			(1,701	)		(1,701	)
Total liabilities	$	-	$	(242	)	$	(1,701	)	$	(1,943	)

Roll-Forward of the Fair Value of the Contingent Consideration

The following table provides a roll-forward of the fair value of the contingent consideration categorized as Level 3 for the year ended December 31, 2018:

(in thousands)

Balance, January 1, 2018	$	1,701
Payments made on contingent liabilities		(1,701	)
Change in fair value		-
Balance, December 31, 2018	$	-

The Company made the last payment of the contingent consideration in January 2018.