Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurements (Tables)

v3.8.0.1
Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2018
Fair Value Measurements  
Schedule of changes in fair value of the Company’s financial assets and liabilities measured at fair value

 

 

 

 

 

 

 

 

 

 

 

 

   

March 31, 2018

   

Fair Value

   

Level I

   

Level II

 

Level III

Assets

 

   

 

   

 

 

 

 

Money market funds(1)

$

14,553

   

$

14,553

   

$

 

$

Assets to fund deferred compensation liability(2)

 

5,207

 

 

 

 

 

 

5,207

Total assets

$

19,760

   

$

14,553

   

$

 

$

5,207

Liabilities

 

 

 

 

 

 

 

 

 

 

 

Contingent consideration

$

2,863

 

$

 

$

 

$

2,863

Deferred compensation liability(3)

 

5,484

 

 

5,484

 

 

 

 

Total liabilities

$

8,347

 

$

5,484

 

$

 

$

2,863

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2017

   

Fair Value

   

Level I

   

Level II

 

Level III

Assets

 

   

 

   

 

 

 

 

Money market funds(1)

$

39,400

   

$

39,400

   

$

 

$

Assets to fund deferred compensation liability(2)

 

5,185

 

 

 

 

 

 

5,185

Total assets

$

44,585

 

$

39,400

 

$

 

$

5,185

Liabilities

   

   

   

   

   

   

   

   

 

   

   

Contingent consideration

$

2,781

 

$

 

$

 

$

2,781

Deferred compensation liability(3)

 

4,364

   

 

4,364

   

 

 

 

Total liabilities

$

7,145

 

$

4,364

 

$

 

$

2,781

 

(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)

The fair value of assets to fund deferred compensation liability approximates the cash surrender value of the life insurance premiums and is included in other non-current assets in the condensed consolidated balance sheets.

(3)

The deferred compensation liability is included in other non-current liabilities in the condensed consolidated balance sheets and its fair market value is based on the daily quoted market prices for the net asset value of the various funds in which the participants have selected.

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

 

 

 

 

 

    

Fair Value of

 

 

Contingent

 

 

Consideration

 

 

Liabilities

Balance at December 31, 2017

 

$

2,781

Accretion on contingent consideration

 

 

82

Balance at March 31, 2018

 

$

2,863

 

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

 

 

 

 

 

 

Fair Value of

 

    

Assets to Fund

 

 

Deferred

 

 

Compensation

 

 

Liability

Balance at December 31, 2017

 

$

5,185

Fair value adjustments

 

 

22

Balance at March 31, 2018

 

$

5,207