Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurements (Tables)

v3.5.0.2
Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 2016
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]  
Schedule of contingent consideration related to acquisitions
The following table discloses the liabilities measured at fair value on a recurring basis as of June 30, 2016 and December 31, 2015:
 
Fair value at June 30, 2016
 
Total
 
Level 1
 
Level 2
 
Level 3
 
(in thousands)
Contingent consideration related to the acquisition of:
 
 
 
 
 
 
 
Indatus
$
414

 
$

 
$

 
$
414

AssetEye
245

 

 

 
245

Interest rate swap agreements
542

 

 
542

 

 
$
1,201

 
$

 
$
542

 
$
659

 
Fair value at December 31, 2015
 
Total
 
Level 1
 
Level 2
 
Level 3
 
(in thousands)
Contingent consideration related to the acquisition of:
 
 
 
 
 
 
 
Indatus
$
814

 
$

 
$

 
$
814

VRX
27

 

 

 
27

 
$
841

 
$

 
$

 
$
841

Schedule of change in level 3 fair values
The following table summarizes the changes in the fair value of our Level 3 liabilities for the six months ended June 30, 2016 and 2015:
 
Six Months Ended June 30,
 
2016
 
2015
 
(in thousands)
Balance at beginning of period
$
841

 
$
4,150

Initial contingent consideration
245

 
1,659

Settlements through cash payments

 
(687
)
Net (gain) loss on change in fair value
(427
)
 
410

Balance at end of period
$
659

 
$
5,532

Recurring  
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]  
Schedule of fair value inputs
Significant unobservable inputs used in the contingent consideration fair value measurements included the following at June 30, 2016 and December 31, 2015:
 
 
June 30, 2016
 
December 31, 2015
Discount rates
 
14.5% - 27.0%
 
15.8% - 60.0%
Volatility rates
 
36.0%
 
37.0% - 53.5%
Risk free rate of return
 
0.5%
 
0.5% - 0.9%