Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurements (Tables)

v3.20.1
Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2020
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, 2020
(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
$
8,990

 
$

 
$

 
$
8,990

Common stock options/warrants

 
58

 

 
58

Forward contracts

 
481

 

 
481

Total assets
$
8,990

 
$
539

 
$

 
$
9,529

Liabilities:
 
 
 
 
 
 
 
Contingent consideration

 

 
8,823

 
8,823

Total liabilities
$

 
$

 
$
8,823

 
$
8,823

 
Fair value measurements as of December 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
$
18,870

 
$

 
$

 
$
18,870

Common stock options/warrants

 
120

 

 
120

Forward contracts

 
133

 

 
133

Total assets
$
18,870

 
$
253

 
$

 
$
19,123

Liabilities:
 
 
 
 
 
 
 
Contingent consideration

 

 
9,683

 
9,683

Total liabilities
$

 
$

 
$
9,683

 
$
9,683


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, 2020:
 
March 31, 2020
(In thousands)
Contingent
consideration
Balance at December 31, 2019
$
9,683

Change in fair value:
 
Included in results of operations
(860
)
Balance at March 31, 2020
$
8,823


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, 2020:
 
March 31, 2020
(In thousands)
Contingent
consideration
Balance at December 31, 2019
$
9,683

Change in fair value:
 
Included in results of operations
(860
)
Balance at March 31, 2020
$
8,823