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Fair value measurements and investments (Tables) | 12 Months Ended
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Dec. 31, 2019
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] |
Schedule of Financial Assets and Liabilities Recorded at Fair Value on Recurring Basis | The Company’s collective trust funds, treasury securities, equity warrants, equity securities, debt security, contingent consideration, and deferred compensation plan liabilities are the only financial instruments recorded at fair value on a recurring basis as follows:
(U.S. Dollars, in thousands) |  | Balance December 31, 2019 |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |
Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Equity securities |  | $ | 219 |  |  | $ | — |  |  | $ | 219 |  |  | $ | — |
Total |  | $ | 219 |  |  | $ | — |  |  | $ | 219 |  |  | $ | — |
Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Contingent consideration |  | $ | (42,700 | ) |  | $ | — |  |  | $ | — |  |  | $ | (42,700 | )
Deferred compensation plan |  |  | (1,255 | ) |  |  | — |  |  |  | (1,255 | ) |  |  | — |
Total |  | $ | (43,955 | ) |  | $ | — |  |  | $ | (1,255 | ) |  | $ | (42,700 | )
(U.S. Dollars, in thousands) |  | Balance December 31, 2018 |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |
Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Treasury securities |  | $ | 490 |  |  | $ | 490 |  |  | $ | — |  |  | $ | — |
Equity securities |  |  | 219 |  |  |  | — |  |  |  | 219 |  |  |  | — |
Debt security |  |  | 17,820 |  |  |  | — |  |  |  | — |  |  |  | 17,820 |
Total |  | $ | 18,529 |  |  | $ | 490 |  |  | $ | 219 |  |  | $ | 17,820 |
Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Contingent consideration |  |  | (28,560 | ) |  |  | — |  |  |  | — |  |  |  | (28,560 | )
Deferred compensation plan |  | $ | (1,275 | ) |  | $ | — |  |  | $ | (1,275 | ) |  | $ | — |
Total |  | $ | (29,835 | ) |  | $ | — |  |  | $ | (1,275 | ) |  | $ | (28,560 | )
Schedule of Changes in Valuation of Securities | The changes in valuation of these securities for the years ended December 31, 2019, 2018, and 2017 are shown below:
(U.S. Dollars, in thousands) |  | 2019 |  |  | 2018 |  |  | 2017 |
Equity securities and warrants at January 1 |  | $ | 219 |  |  | $ | 2,768 |  |  | $ | 2,768 |
Impact of adoption of ASU 2016-01 recognized in other income |  |  | — |  |  |  | 1,629 |  |  |  | — |
Purchase of additional common stock |  |  | — |  |  |  | 500 |  |  |  | — |
Fair value adjustments, expirations, and impairments recognized in other expense |  |  | — |  |  |  | (4,678 | ) |  |  | — |
Equity securities and warrants at December 31 |  | $ | 219 |  |  | $ | 219 |  |  | $ | 2,768 |
Schedule of Reconciliation For Contingent Consideration Measured At Fair Value Using Significant Unobservable Inputs | The following table provides a reconciliation of the beginning and ending balances for the contingent consideration measured at fair value using significant unobservable inputs (Level 3):
(U.S. Dollars, in thousands) |  | 2019 |  |  | 2018 |
Contingent consideration at January 1 |  | $ | 28,560 |  |  | $ | — |
Acquisition date fair value |  |  | — |  |  |  | 25,491 |
Increase in fair value recognized in acquisition-related amortization and remeasurement |  |  | 29,140 |  |  |  | 3,069 |
Payment made |  |  | (15,000 | ) |  |  | — |
Contingent consideration at December 31 |  | $ | 42,700 |  |  | $ | 28,560 |
Fair Value, Inputs, Level 3 [Member] |
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items] |
Schedule of Reconciliation of Debt Securities | The following table provides a reconciliation of the beginning and ending balances for debt securities measured at fair value using significant unobservable inputs (Level 3):
(U.S. Dollars, in thousands) |  | 2019 |  |  | 2018 |  |  | 2017 |
Balance at January 1 |  | $ | 17,820 |  |  | $ | 16,050 |  |  | $ | 12,220 |
Gains (losses) recorded for the period |  |  |  |  |  |  |  |  |  |  |  |
Recognized in other expense, net |  |  | — |  |  |  | — |  |  |  | (5,585 | )
Recognized in other comprehensive income (loss) |  |  | (2,593 | ) |  |  | 1,770 |  |  |  | 9,415 |
Change in classification of debt security to held to maturity |  |  | (15,227 | ) |  |  | — |  |  |  | — |
Issuance of Warrant as consideration for extension |  |  | 491 |  |  |  | — |  |  |  | — |
Impairment of Warrant |  |  | (491 | ) |  |  | — |  |  |  | — |
Balance at December 31 |  | $ | — |  |  | $ | 17,820 |  |  | $ | 16,050 |

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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=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 + Details
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- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, 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://www.xbrl.org/2003/role/disclosureRef -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://www.xbrl.org/2003/role/disclosureRef -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 + Details
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