Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2018

We classify the inputs used to measure fair value into the following hierarchy:



Level 1		Unadjusted quoted prices in active markets for identical assets or liabilities.
Level 2		Unadjusted quoted prices in active markets for similar assets or liabilities; unadjusted quoted prices for identical or similar assets or liabilities in markets that are not active; inputs other than quoted prices that are observable for the asset or liability.
Level 3		Unobservable inputs for the asset or liability.

Summary of Financial Assets Measured at Fair Value on a Recurring Basis

The following table is a summary of financial assets measured at fair value on a recurring basis and their classification within the fair value hierarchy (in thousands).



	December 31, 2018								December 31, 2017
	Carrying Value		Level 1		Level 3		Total		Carrying Value		Level 1		Total
Assets
Money market funds	$	323	$	323	$	—	$	323	$	35,195	$	35,195	$	35,195
Total assets measured and recorded at fair value	$	323	$	323	$	—	$	323	$	35,195	$	35,195	$	35,195

Liability
Earnout liability - current	$	20,730	$	—	$	20,730	$	20,730	$	—	$	—	$	—
Earnout liability - non-current	19,270		—		$	19,270	$	19,270	—		—		—
Total liabilities measured and recorded at fair value	$	40,000	$	—	$	40,000	$	40,000	$	—	$	—	$	—

Schedule of Earnout Liability Activity

Earnout liability activity during the year ended December 31, 2018 was as follows (in thousands):



Balance at December 31, 2017	$	—
Recognition of earnout liability upon acquisition of GoMedigap on January 22, 2018	27,700
Change in fair value	12,300
Balance at December 31, 2018	$	40,000