RealPage, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurements (Tables)

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%