The Company’s financial assets and liabilities subject to fair value measurements as of September 30, 2015 and December 31, 2014 are as follows:



			September 30, 2015
			Fair Value Measurements
	Fair value		Level 1		Level 2		Level 3
Assets:
Cash equivalents	$	2,423	$	2,423	$	—	$	—
Current marketable securities – available for sale (a)	22,834		22,834		—		—
Note receivable – related party (b)	3,074		—		—		3,074
Note receivable from seller of SM Canada (c)	1,197		—		—		1,197
Long-term marketable securities – available for sale (d)	89,705		89,705		—		—
Total assets	$	119,233	$	114,962	$	—	$	4,271
Liabilities:
Forward contracts	$	1,460	$	—	$	1,460	$	—
Contingent consideration (e)	33,179		—		—		33,179
Total liabilities	$	34,639	$	—	$	1,460	$	33,179
(a) Current marketable securities includes unrealized losses of $639.
(b) The decrease in the balance of the note receivable from related party is due to forgiveness of $306, partially offset by accrued interest income of $52 (see Note I).
(c) The decrease in the balance of the note receivable from the seller of SM Canada is due to principal payments of $342 made in the second and third quarter in connection with the earn-out payment and of $339 in foreign currency translation.
(d) Long-term marketable securities includes unrealized gains of $151 and unrealized losses of $962.
(e) The decrease in the contingent consideration at September 30, 2015 compared to December 31, 2014 is due to an earn-out payment of $2,950 during the second quarter of 2015 to the seller of SM Canada and a decrease of $2,504 due to a change in estimate of the expected payments.

Note F – Fair Value Measurement (continued)



			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 the 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.