Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurements (Tables)

v2.4.1.9
Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2015
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 March 31, 2015 and December 31, 2014:
 
Fair value at March 31, 2015
(in thousands)
 
Total
 
Level 1
 
Level 2
 
Level 3
Contingent consideration related to the acquisition of:
 
 
 
 
 
 
 
Active Building
$
870

 
$

 
$

 
$
870

MyBuilding
140

 

 

 
140

InstaManager
2,781

 

 

 
2,781

 
$
3,791

 
$

 
$

 
$
3,791

 
Fair value at December 31, 2014
(in thousands)
 
Total
 
Level 1
 
Level 2
 
Level 3
Contingent consideration related to the acquisition of:
 
 
 
 
 
 
 
Active Building
$
1,566

 
$

 
$

 
$
1,566

MyBuilding
248

 

 

 
248

InstaManager
2,335

 

 

 
2,335

     VMM
1

 

 

 
1

 
$
4,150

 
$

 
$

 
$
4,150

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 three months ended March 31, 2015 and 2014:
 
Three Months Ended 
 March 31,
 
2015
 
2014
 
(in thousands)
Balance at beginning of period
$
4,150

 
$
1,827

Initial contingent consideration

 
4,895

Settlements through cash payments
(687
)
 

Net gain on change in fair value
327

 
179

Other changes
1

 

Balance at end of period
$
3,791

 
$
6,901

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 March 31, 2015 and December 31, 2014:
 
 
March 31, 2015
 
December 31, 2014
Discount rates
 
22.3 - 60.5%
 
22.5 - 64.0%
Volatility rates
 
42.0 - 47.0%
 
45.0 - 48.0%
Risk free rate of return
 
0.1% - 0.2%
 
0.1% - 0.2%