XML 22 R8.htm IDEA: XBRL DOCUMENT
v3.8.0.1

Fair Value | 12 Months Ended
--- | ---
Dec. 31, 2017
Fair Value Disclosures [Abstract] |
Fair Value | Note 2- Fair Value ASC Subtopic 820-10 defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The Company often utilizes certain assumptions that market participants would use in pricing the asset or liability, including assumptions about risk and/or the risks inherent in the inputs to the valuation technique. These inputs can be readily observable, market-corroborated, or generally unobservable inputs. The Company utilizes valuation techniques that maximize the use of observable inputs and minimize the use of unobservable inputs. Based upon observable inputs used in the valuation techniques, the Company is required to provide information according to the fair value hierarchy. The fair value hierarchy ranks the quality and reliability of the information used to determine fair values into three broad levels as follows: Level 1: Valuations for assets and liabilities traded in active markets from readily available pricing sources for market transactions involving identical assets or liabilities. Level 2: Valuations for assets and liabilities traded in less active dealer or broker markets. Valuations are obtained from third-party pricing services for identical or similar assets or liabilities. Level 3: Valuations for assets and liabilities include certain unobservable inputs in the assumptions and projections used in determining the fair value assigned to such assets or liabilities. In instances where the determination of the fair value measurement is based on inputs from different levels of the fair value hierarchy, the level in the fair value hierarchy within which the entire fair value measurement falls is based on the lowest level input that is significant to the fair value measurement in its entirety. The Company's assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment, and considers factors specific to the asset or liability. The valuation methodologies used for the Company's financial instruments measured on a recurring basis at fair value, including the general classification of such instruments pursuant to the valuation hierarchy, is set forth in the tables below.
(in thousands) |  | As of December 31, 2017 |  | Fair Value Measurements |
|  | Carrying Amount |  | Fair Value |  | Level 1 |  | Level 2 |  | Level 3 |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deferred acquisition cost |  | $ | 0 |  | $ | 0 |  |  |  |  |  |  |  | $ | 0 |
(in thousands) |  | As of December 31, 2016 |  | Fair Value Measurements |
|  | Carrying Amount |  | Fair Value |  | Level 1 |  | Level 2 |  | Level 3 |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deferred acquisition cost |  | $ | 789 |  | $ | 789 |  |  |  |  |  |  |  | $ | 789 |
The following is a rollforward of deferred acquisition costs in 2016 and 2017.
(in thousands) |  | Acquisition of Polar |  | 2015 Acquisition |  | Total Deferred Acquisition Cost Payable |
Balance at January 1, 2016 |  | $ | 667 |  | $ | 1,235 |  | $ | 1,902 |
Payments |  |  | (667) |  |  | (1,010) |  |  | (1,677) |
Total adjustments included in earnings |  |  | — |  |  | 564 |  |  | 564 |
Balance at December, 31, 2016 |  | $ | — |  | $ | 789 |  | $ | 789 |
Payments |  |  | — |  |  | (789) |  |  | (789) |
Total adjustments included in earnings |  |  | — |  |  | — |  |  | — |
Balance at December 31, 2017 |  | $ | — |  | $ | — |  | $ | — |
See Note 12 for determination of fair value relative to acquisitions.

X
- References No definition available. + Details
Name: | us-gaap_FairValueDisclosuresAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure of the fair value measurement of assets and liabilities, which includes financial instruments measured at fair value that are classified in shareholders' equity, which may be measured on a recurring or nonrecurring basis. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -URI http://asc.fasb.org/topic&trid=2155941 + Details
Name: | us-gaap_FairValueMeasurementInputsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration