Fair Value of Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2019

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, 2019:

	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	$	434	$	-		$	-	$	434
Foreign exchange contracts		-		49			-		49
Total assets	$	434	$	49		$	-	$	483
Liability awards		-		(9	)		-		(9	)
Interest rate swap contract		-		(160	)		-		(160	)
Total liabilities	$	-	$	(169	)	$	-	$	(169	)

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	)

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, 2019:

(in thousands)

Balance, January 1, 2019	$	-
Issuance of contingent consideration in connection with acquisitions		1,200
Change in fair value		(1,200	)
Balance, December 31, 2019	$	-