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Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2019

Fair Value Disclosures [Abstract]

Schedule of assets and liabilities carried at fair value

As of September 30, 2019 and December 31, 2018, our assets and liabilities carried at fair value on a recurring basis were as follows:

	Level 1				Level 2				Level 3				Total Fair Value
September 30, 2019	(In thousands)
Assets
Corporate bonds	$	—			$	10,028			$	—			$	10,028
Negotiable certificate of deposit	—				5,000				—				5,000
Agency bond securities	—				10,027				—				10,027
Agency mortgage-backed securities	—				165,100				—				165,100
Municipal bonds	—				355				—				355
Asset-backed securities	—				54,709				—				54,709
Total assets	$	—			$	245,219			$	—			$	245,219
Liabilities
Contingent consideration	$	—			$	—			$	10,300			$	10,300
December 31, 2018
Assets
Negotiable certificate of deposit	$	—			$	15,000			$	—			$	15,000
Agency bond securities	—				19,693				—				19,693
Agency mortgage-backed securities	—				86,813				—				86,813
Municipal bonds	—				483				—				483
Asset-backed securities	—				79,194				—				79,194
Total assets	$	—			$	201,183			$	—			$	201,183
Liabilities
Contingent consideration	$	—			$	—			$	15,800			$	15,800

Schedule of changes in contingent consideration payable

The following table presents changes in our contingent consideration payable for the three and nine months ended September 30, 2019 and 2018, which is categorized in Level 3 of the fair value hierarchy:

	Three Months Ended September 30,								Nine Months Ended September 30,
	2019				2018				2019				2018
	(In thousands)
Balance, beginning of period	$	13,166			$	14,664			$	15,800			$	17,358
Payments of contingent consideration	(1,000		)		(1,162		)		(3,634		)		(3,856		)
Change in fair value of contingent consideration	(1,866		)		—				(1,866		)		—
Balance, end of period	$	10,300			$	13,502			$	10,300			$	13,502

X

- Definition

Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ 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=117815213&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 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258

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- References

No definition available.

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X

- 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=117815213&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=117815213&loc=d3e19279-110258

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