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Fair Value Measurements (Tables) | 6 Months Ended
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Jun. 30, 2018
Fair Value Disclosures [Abstract] |
Fair Value Measurements on a Recurring Basis | The following table provides information by level for assets and liabilities that are measured at fair value on a recurring basis (in thousands):
|  | Fair Value as of June 30, 2018 |  | Fair Value Measurements Using Inputs Considered as:
|  |  | Level 1 |  | Level 2 |  | Level 3
Liabilities: |  |  |  |  |  |  |  |
Derivative liabilities - designated as cash flow hedges (foreign currency exchange rate "FX") |  | $ | 1,209 |  |  | $ | — |  |  | $ | 1,209 |  |  | $ | — |
Derivative liabilities - designated as cash flow hedges (interest rate swaps) |  | 1,221 |  |  | — |  |  | 1,221 |  |  | — |
Derivative liabilities - freestanding instruments (FX) |  | 827 |  |  | — |  |  | 827 |  |  | — |
Contingent consideration (1) |  | 181,133 |  |  | — |  |  | — |  |  | 181,133 |
|  | $ | 184,390 |  |  | $ | — |  |  | $ | 3,257 |  |  | $ | 181,133 |
|  | Fair Value as of December 31, 2017 |  | Fair Value Measurements Using Inputs Considered as:
|  |  | Level 1 |  | Level 2 |  | Level 3
Assets: |  |  |  |  |  |  |  |
Derivative assets - freestanding instruments (FX) |  | $ | 519 |  |  | $ | — |  |  | $ | 519 |  |  | $ | — |
|  | $ | 519 |  |  | $ | — |  |  | $ | 519 |  |  | $ | — |
Liabilities: |  |  |  |  |  |  |  |
Derivative liabilities - designated as cash flow hedges (FX) |  | $ | 460 |  |  | $ | — |  |  | $ | 460 |  |  | $ | — |
Derivative liabilities - designated as cash flow hedges (interest rate swaps) |  | 1,585 |  |  | — |  |  | 1,585 |  |  | — |
Contingent consideration (1) |  | 33,973 |  |  | — |  |  | — |  |  | 33,973 |
|  | $ | 36,018 |  |  | $ | — |  |  | $ | 2,045 |  |  | $ | 33,973 |
(1) | The contingent consideration liability represents contingent payments related to five completed acquisitions: Cellplex PTY Ltd., Inversiones Drilltex SAS, Caisson, ImThera and TandemLife.
Reconciliation of Beginning and Ending Balances of Contingent Consideration | The following table provides a reconciliation of the beginning and ending balance of the contingent consideration liability (in thousands):
Total contingent consideration liability at December 31, 2017 |  | $ | 33,973 |
Purchase price - ImThera contingent consideration |  | 112,744 |
Purchase price - TandemLife contingent consideration |  | 40,190 |
Payments |  | (196 | )
Changes in fair value (1) |  | (5,546 | )
Effect of changes in foreign currency exchange rates |  | (32 | )
Total contingent consideration liability at June 30, 2018 |  | 181,133 |
Less current portion of contingent consideration liability at June 30, 2018 |  | 2,684 |
Long-term portion of contingent consideration liability at June 30, 2018 |  | $ | 178,449 |
(1) | Includes a decrease of $6.1 million due to the delay in the timing of anticipated regulatory approval for ImThera. See “Note 3. Business Combinations” for additional discussion.

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- Definition Tabular disclosure of financial instruments measured at fair value, including those classified in shareholders' equity measured on a recurring or nonrecurring basis. Disclosures include, but are not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. Nonrecurring fair value measurements are those that are required or permitted in the statement of financial position in particular circumstances. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19207-110258 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19279-110258 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2C -URI http://asc.fasb.org/extlink&oid=99377789&loc=SL7498348-110258 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19190-110258 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19207-110258 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (bb) -URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19207-110258 + Details
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- Definition Tabular disclosure of the fair value measurement of liabilities using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and gains or losses recognized in other comprehensive income (loss) and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs) by class of liability. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19207-110258 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19279-110258 + Details
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