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Fair Value Measurements (Tables)
9 Months Ended
Sep. 30, 2014
Fair Value Measurements  
Summary of fair values and levels within the fair value hierarchy in which the fair value measurements fall for assets and liabilities measured on a recurring basis

The following table summarizes the fair values and levels within the fair value hierarchy in which the fair value measurements fall for assets and liabilities measured on a recurring basis as of September 30, 2014 (in thousands):

                                                                                                                                                                                    

 

 

 

 

Fair Value Measurements at
Reporting Date Using

 

 

 

Total

 

Quoted Prices In
Active Markets
for Identical
Assets
(Level 1)

 

Significant
Other
Observable
Inputs
(Level 2)

 

Significant
Unobservable
Inputs
(Level 3)

 

Cash and cash equivalents

 

$

43,882 

 

$

43,882 

 

$

 

$

 

Life insurance—cash surrender value

 

$

3,034 

 

$

 

$

3,034 

 

$

 

Contingent earn-out obligations

 

$

635 

 

$

 

$

 

$

635 

 

 

Schedule of reconciliation of the fair value of contingent earn-out obligations that use significant unobservable inputs (Level 3)

The table below presents a reconciliation of the fair value of our contingent earn-out obligations that use significant unobservable inputs (Level 3) (in thousands).

                                                                                                                                                                                    

Balance at beginning of year

 

$

320

 

Issuances

 

 

200

 

Settlements

 

 

(95

)

Adjustments to fair value

 

 

210

 

 

 

 

 

Balance at end of period

 

$

635