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Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 2019
Fair Value Disclosures [Abstract]  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis
The following table presents information about the Company’s financial instruments that are accounted for at fair value on a recurring basis at June 30, 2019 and December 31, 2018 (in thousands):
                         
 
   
Fair Value
 
 
Fair Value
Category
   
June 30,
2019
   
December 31,
2018
 
Assets:
   
     
     
 
Money market funds
   
Level 1
    $
398
    $
481
 
Short-term investments
   
Level 2
     
82,835
     
—  
(1)
Company-owned life insurance
   
Level 2
     
12,185
     
10,464
 
Liabilities:
   
     
     
 
Contingent consideration
   
Level 3
     
8,299
     
20,039
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(1)
Investments were measured at carrying value as of December 31, 2018. See table below.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Financial Instruments Measured At Carrying Amount
The following table presents information about the Company’s financial instruments that are not carried at fair value at June 30, 2019 and December 31, 2018 (in thousands):
                                 
 
June 30, 2019
   
December 31, 2018
 
 
Carrying
Amount
   
Fair
Value
   
Carrying
Amount
   
Fair
Value
 
Assets:
   
     
     
     
 
Short-term investments
  $
—  
(2)
  $
 —  
(2)
   
21,923
     
21,858
 
Long-term investments
   
—  
(2)
   
—  
(2)
   
69,699
     
69,090
 
Liabilities:
   
     
     
     
 
2023 Notes
   
750,000
     
738,975
     
750,000
     
736,725
 
2027 Notes
   
1,000,000
     
983,700
     
500,000
     
482,500
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(2)
Investments were measured at fair value as of June 30, 2019. See table above.