The Company’s financial assets and liabilities subject to fair value measurements as of March 31, 2015 and December 31, 2014 are as follows:



			March 31, 2015
			Fair Value Measurements
	Fair value		Level 1		Level 2		Level 3
Assets:
Cash equivalents	$	2,286	$	2,286	$	—	$	—
Current marketable securities – available for sale (a)	27,337		27,337		—		—
Note receivable – related party (b)	3,244		—		—		3,244
Note receivable from seller of SM Canada (c)	1,727		—		—		1,727
Long-term marketable securities – available for sale (d)	90,907		90,907		—		—
Total assets	$	125,501	$	120,530	$	—	$	4,971
Liabilities:
Forward contracts	$	2,932	$	—	$	2,932	$	—
Contingent consideration (e)	39,060		—		—		39,060
Total liabilities	$	41,992	$	—	$	2,932	$	39,060
(a) Current marketable securities includes unrealized gains of $4 and unrealized losses of $74.
(b) The decrease in the balance of the note receivable from related party is due to forgiveness of $102, partially offset by accrued interest income of $18.
(c) The decrease in the balance of the note receivable from seller of SM Canada at March 31, 2015 is due to $151 in foreign currency translation.
(d) Long-term marketable securities includes unrealized gains of $356 and unrealized losses of $135.
(e) The increase in the contingent consideration at March 31, 2015 compared to December 31, 2014 is due to a change in present value of the expected future payments.



			December 31, 2014
			Fair Value Measurements
	Fair value		Level 1		Level 2		Level 3
Assets:
Cash equivalents	$	2,280	$	2,280	$	—	$	—
Current marketable securities – available for sale (a)	31,198		31,198		—		—
Note receivable – related party (b)	3,328		—		—		3,328
Note receivable from seller of SM Canada (c)	1,878		—		—		1,878
Long-term marketable securities – available for sale (d)	90,446		90,446		—		—
Total assets	$	129,130	$	123,924	$	—	$	5,206
Liabilities:
Forward contracts	$	2,334	$	—	$	2,334	$	—
Contingent consideration (e)	38,633		—		—		38,633
Total liabilities	$	40,967	$	—	$	2,334	$	38,633
(a) Current marketable securities includes unrealized gains of $1 and unrealized losses of $145.
(b) The decrease in the balance of the note receivable from related party is due to one-tenth forgiveness of $409, partially offset by accrued interest income of $156.
(c) The decrease in the balance of the note receivable from seller of SM Canada is due to principal payments of $893 and $400 in foreign currency translation.
(d) Long-term marketable securities includes unrealized gains of $11 and unrealized losses of $589.
(e) The change in the contingent consideration is due to an earn-out payment of $3,315 during the second quarter of 2014 to the seller of SM Canada, an earn-out payment of $5,160 during the third quarter of 2014 to the seller of Cejon and a decrease of $2,139 due to a change in estimate of expected payments. These were offset by the addition of earn-out payments to the seller of Dolce Vita of $4,616 and SM Mexico of $9,836.