Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurements (Tables)

v3.20.2
Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 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 June 30, 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 $ 24,777    $ —    $ —    $ 24,777   
Common stock options/warrants —    51    —    51   
Forward contracts —    215    —    215   
Total assets $ 24,777    $ 266    $ —    $ 25,043   
Liabilities:
Contingent consideration —    —    9,934    9,934   
Total liabilities $ —    $ —    $ 9,934    $ 9,934   
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 June 30, 2020:
June 30, 2020
(In thousands) Contingent
consideration
Balance at December 31, 2019 $ 9,683   
Change in fair value:
Included in results of operations 251   
Balance at June 30, 2020 $ 9,934   
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 June 30, 2020:
June 30, 2020
(In thousands) Contingent
consideration
Balance at December 31, 2019 $ 9,683   
Change in fair value:
Included in results of operations 251   
Balance at June 30, 2020 $ 9,934