Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2019

Schedule of Fair Values of Financial Assets and Liabilities

The fair values of financial assets and liabilities that are recorded at fair value in the Condensed Consolidated Balance Sheets and not described above were as follows (in thousands):

	As of March 31, 2019								As of December 31, 2018
	Total		Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3
Financial assets:
Cash equivalents	$	71,240	$	71,240	$	—	$	—	$	69,807	$	69,807	$	—	$	—
Derivative financial instruments		805		—		805		—		1,765		—		1,765		—
Total financial assets	$	72,045	$	71,240	$	805	$	—	$	71,572	$	69,807	$	1,765	$	—
Financial liabilities:
Derivative financial instruments	$	4,984	$	—	$	4,984	$	—	$	2,275	$	—	$	2,275	$	—
Contingent consideration		4,977		—		—		4,977		5,098		—		—		5,098
Total financial liabilities	$	9,961	$	—	$	4,984	$	4,977	$	7,373	$	—	$	2,275	$	5,098

Summary of Change in Fair Value of Contingent Consideration

The change in fair value of the contingent consideration (a Level 3 input) was as follows (in thousands):

Contingent consideration liability — January 1, 2019	$	5,098
Preliminary purchase price		1,525
Fair value adjustments		(245	)
Accretion in value		125
Amounts paid to sellers		(1,526	)
Contingent consideration liability — March 31, 2019	$	4,977

Summary of Carrying Values and Associated Fair Values of Financial Assets and Liabilities

The carrying values and associated fair values of financial assets and liabilities that are not recorded at fair value in the Condensed Consolidated Balance Sheets and not described above include investments which represent a Level 2 fair value measurement and are as follows (in thousands):

	As of March 31, 2019				As of December 31, 2018
	Carrying Value		Fair Value		Carrying Value		Fair Value
Financial assets:
Investments	$	10,026	$	10,026	$	10,060	$	10,053