Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurements (Tables)

v3.10.0.1
Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 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 June 30, 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
22,350

 

 

 
22,350

Common stock options/warrants

 
1,799

 

 
1,799

Forward contracts

 
23

 

 
23

Total assets
$
22,350

 
$
1,822

 
$

 
$
24,172

Liabilities:
 
 
 
 
 
 
 
Contingent consideration

 

 
27,754

 
27,754

Total liabilities
$

 
$

 
$
27,754

 
$
27,754

 
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 June 30, 2018:
 
June 30, 2018
(In thousands)
Contingent
consideration
Balance at December 31, 2017
$
41,353

Change in fair value:
 
Included in results of operations
(13,599
)
Balance at June 30, 2018
$
27,754