Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurements (Tables)

v3.19.3
Fair Value Measurements (Tables)
9 Months Ended
Sep. 30, 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 September 30, 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
9,129

 

 

 
9,129

Common stock options/warrants

 
120

 

 
120

Forward contracts

 
146

 

 
146

Total assets
$
9,129

 
$
266

 
$

 
$
9,395

Liabilities:
 
 
 
 
 
 
 
Contingent consideration

 

 
24,459

 
24,459

Total liabilities
$

 
$

 
$
24,459

 
$
24,459

 
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 September 30, 2019:
 
September 30, 2019
(In thousands)
Contingent
consideration
Balance at December 31, 2018
$
24,537

Change in fair value:
 
Included in results of operations
(78
)
Balance at September 30, 2019
$
24,459


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 September 30, 2019:
 
September 30, 2019
(In thousands)
Contingent
consideration
Balance at December 31, 2018
$
24,537

Change in fair value:
 
Included in results of operations
(78
)
Balance at September 30, 2019
$
24,459