Fair Value of Financial Instruments (Tables)

9 Months Ended

Sep. 30, 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 September 30, 2019:

(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	$	375	$	-		$	-	$	375
Foreign exchange contracts		-		68			-		68
Total assets	$	375	$	68		$	-	$	443
Liability awards	$	-	$	(18	)	$	-	$	(18	)
Interest rate swap contract		-		(192	)		-		(192	)
Total liabilities	$	-	$	(210	)	$	-	$	(210	)

Money market funds at both September 30, 2019 and December 31, 2018 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, 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	$	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 nine months ended September 30, 2019:

(in thousands)
Balance, January 1, 2019	$	-
Issuance of contingent consideration in connection with acquisitions		1,200
Change in fair value		(1,200	)
Balance, September 30, 2019	$	-