Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurements (Tables)

v3.19.1
Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2019
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, 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
Assets:
 
 
 
 
 
 
 
Equity securities
27,723

 

 

 
27,723

Common stock options/warrants

 
880

 

 
880

Forward contracts

 
131

 

 
131

Total assets
$
27,723

 
$
1,011

 
$

 
$
28,734

Liabilities:
 
 
 
 
 
 
 
Contingent consideration

 

 
29,343

 
29,343

Total liabilities
$

 
$

 
$
29,343

 
$
29,343

 
Fair value measurements as of 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
Assets:
 
 
 
 
 
 
 
Equity securities
26,313

 

 

 
26,313

Common stock options/warrants

 
855

 

 
855

Forward contracts

 
21

 

 
21

Total assets
$
26,313

 
$
876

 
$

 
$
27,189

Liabilities:
 
 
 
 
 
 
 
Contingent consideration

 

 
24,537

 
24,537

Total liabilities
$

 
$

 
$
24,537

 
$
24,537

Reconciliation of the Beginning and Ending Balances of Level 3 Assets The following table reconciles the beginning and ending balances of our Level 3 assets and liabilities as of March 31, 2019:
 
March 31, 2019
(In thousands)
Contingent
consideration
Balance at December 31, 2018
$
24,537

Change in fair value:
 
Included in results of operations
4,806

Balance at March 31, 2019
$
29,343


Reconciliation of the Beginning and Ending Balances of Level 3 Liabilities The following table reconciles the beginning and ending balances of our Level 3 assets and liabilities as of March 31, 2019:
 
March 31, 2019
(In thousands)
Contingent
consideration
Balance at December 31, 2018
$
24,537

Change in fair value:
 
Included in results of operations
4,806

Balance at March 31, 2019
$
29,343