Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2018

Fair Value Disclosures [Abstract]

Financial Assets and Liabilities Measured at Fair Value on a Recurring Basis

Our financial assets and liabilities measured at fair value on a recurring basis are as follows:

	Fair value measurements as of March 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
Assets:
Equity securities	12,879		—		—		12,879
Common stock options/warrants	—		5,004		—		5,004
Total assets	$	12,879	$	5,004	$	—	$	17,883
Liabilities:
Forward contracts	—		104		—		104
Contingent consideration	—		—		43,112		43,112
Total liabilities	$	—	$	104	$	43,112	$	43,216

	Fair value measurements as of 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
Assets:
Money market funds	$	107	$	—	$	—	$	107
Equity securities	12,461		—		—		12,461
Common stock options/warrants	—		3,333		—		3,333
Total assets	$	12,568	$	3,333	$	—	$	15,901
Liabilities:
Forward contracts	—		317		—		317
Contingent consideration	—		—		41,353		41,353
Total liabilities	$	—	$	317	$	41,353	$	41,670

Reconciliation of the Beginning and Ending Balances of Level 3 Assets and Liabilities

The following table reconciles the beginning and ending balances of our Level 3 assets and liabilities as of March 31, 2018:

	March 31, 2018
(In thousands)	Contingent consideration
Balance at December 31, 2017	$	41,353
Change in fair value:
Included in results of operations	1,759
Balance at March 31, 2018	$	43,112