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]  
Schedule of fair value of assets and liabilities
The following tables disclose the assets and liabilities measured at fair value on a recurring basis as of March 31, 2020 and December 31, 2019, by the fair value hierarchy levels as described above:
 
Fair value at March 31, 2020
 
Total
 
Level 1
 
Level 2
 
Level 3
 
(in thousands)
Assets:
 
 
 
 
 
 
 
Foreign currency forward contracts
$
70

 
$

 
$
70

 
$

Total assets measured at fair value
$
70

 
$

 
$
70

 
$

Liabilities:
 
 
 
 
 
 
 
Interest rate swap agreements
$
6,540

 
$

 
$
6,540

 
$

Foreign currency forward contracts(1)
409

 

 
409

 

Contingent consideration related to the acquisition of:
 
 
 
 
 
 
 
Hipercept
6,772

 

 

 
6,772

Total liabilities measured at fair value
$
13,721

 
$

 
$
6,949

 
$
6,772

(1) The fair value of foreign currency forward contracts includes those designated as cash flow hedge instruments and those designated as balance sheet hedge instruments.
 
Fair value at December 31, 2019
 
Total
 
Level 1
 
Level 2
 
Level 3
 
(in thousands)
Assets:

 
 
 
 
 
 
Foreign currency forward contracts(1)
$
237

 
$

 
$
237

 
$

Liabilities:
 
 
 
 
 
 
 
Interest rate swap agreements
$
2,193

 
$

 
$
2,193

 
$

Foreign currency forward contracts
14

 

 
14

 

Contingent consideration related to the acquisition of:

 

 
 
 
 
Hipercept
6,536

 

 

 
6,536

Total liabilities measured at fair value
$
8,743

 
$

 
$
2,207

 
$
6,536


(1) The fair value of foreign currency forward contracts includes those designated as cash flow hedge instruments and those designated as balance sheet hedge instruments.
Schedule of change in level 3 fair values
Changes in the fair value of Level 3 measurements were as follows for the three months ended March 31, 2020 and 2019:
 
Three Months Ended March 31,
 
2020
 
2019
 
(in thousands)
Balance at beginning of period
$
6,536

 
$
6,000

Net change in fair value
236

 

Balance at end of period
$
6,772

 
$
6,000