Annual report pursuant to Section 13 and 15(d)

Fair Value Measurements (Tables)

v3.3.1.900
Fair Value Measurements (Tables)
 12 Months Ended
Dec. 31, 2015
Fair Value Measurements  
Schedule of changes in fair value of the Company’s financial assets and liabilities measured at fair value on a recurring basis

 

 

 

 

 

 

 

 

 

 

 

 

 

   

As of December 31, 2015

   

Fair Value

    

Level I

    

Level II

    

Level III

Assets

 

   

 

   

 

 

 

 

Money market funds(1)

$
24,422

   

$
24,422

   

$

—

 

$

—

Liabilities

   

   

   

   

   

   

   

   

 

   

   

2019 Convertible Notes (principal amount outstanding of $172,500)(2)

$
152,878

 

$
152,878

 

$

—

 

$

—

Term Notes

 
150,000

 

 
150,000

 

 

—

 

 

—

Contingent consideration

 

—

 

 

—

 

 

—

 

 
4,043

Foreign currency forward contracts(3)

 
140

   

 

—

   

 
140

 

 

—

Total liabilities

$
303,018

 

$
302,878

 

$
140

 

$
4,043

 

 

 

 

 

 

 

 

 

 

 

 

   

As of December 31, 2014

   

Fair Value

   

Level I

   

Level II

 

Level III

Assets

 

   

 

   

 

 

 

 

Money market funds(1)

$
70,760

   

$
70,760

   

$

—

 

$

—

Liabilities

 

 

 

 

 

 

 

 

 

 

 

2019 Convertible Notes (principal amount outstanding of $172,500)(2)

$
180,392

 

$
180,392

 

$

—

 

$
13,867

Contingent consideration

 

—

 

 

—

 

 

—

 

 

—

Total liabilities

$
180,392

 

$
180,392

 

$
0

 

$
13,867

(1)

The fair values of the Company’s investments in money-market funds are based on the daily quoted market prices for the net asset value of the various money market funds.

(2)

As of December 31, 2015 and 2014, the carrying value of the 2019 convertible note equaled $150,133 and $145,203, respectively, and represents the aggregate principle amount outstanding less the unaccreted discount.

(3)

Included in prepaid and other current assets in the consolidated balance sheet.

 

Summary of changes in the fair value of the Company's Level 3 liability

 

 

 

 

 

 

    

Fair Value of

 

 

 

Contingent

 

 

 

Consideration

 

 

 

Liabilities

 

Balance at December 31, 2014

 

$
13,867

 

Settlement of contingent consideration liabilities

 

 
(7,219)

 

Castle Rock acquisition

 

 
1,500

 

Fair market value adjustments

 

 
(4,153)

 

Fair value of other liabilities

 

 
(840)

 

Accretion on contingent consideration

 

 
888

 

Balance at December 31, 2015

 

$
4,043