Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurements (Tables)

v2.4.0.6
Fair Value Measurements (Tables)
 3 Months Ended
Jun. 30, 2012
Fair Value Measurements [Abstract]  
Assets and liabilities measured at fair value on a recurring basis and their related valuation inputs

The following table presents financial assets and liabilities measured at fair value on a recurring basis and their related valuation inputs as of June 30, 2012:

 

                                     
(in thousands)   Total
Fair
Value of
Asset or
Liability		     Quoted Prices
in Active
Markets for
Identical Assets
(Level 1)		     Significant
Other
Observable
Inputs
(Level 2) 		    Significant
Unobservable
Inputs
(Level 3) 		   

Balance Sheet

Classification

Assets:

                                    

Money market funds

   $ 82,288     $ 82,288       —         —      

Cash and cash equivalents

Liabilities:

                                    

Contingent consideration

   $ 2,965       —         —       $ 2,965    

Contingent consideration payable, net

Note payable guarantee

   $ 14       —         —       $ 14    

Accrued expenses

 

The following table presents financial assets and liabilities measured at fair value on a recurring basis and their related valuation inputs as of March 31, 2012:

 

                                     
(in thousands)   Total
Fair
Value of
Asset or
Liability		     Quoted Prices
in Active
Markets for
Identical Assets
(Level 1)		     Significant
Other
Observable
Inputs
(Level 2) 		    Significant
Unobservable
Inputs
(Level 3) 		   

Balance Sheet

Classification

Assets:

                                    

Money market funds

   $ 82,931     $ 82,931       —         —      

Cash and cash equivalents

Liabilities:

                                    

Note payable guarantee

   $ 25       —         —       $ 25    

Accrued expenses
Fair value measurement of contingent consideration
         

($ in thousands)

   Unobservable Inputs  

Total estimated contingent consideration

   $ 3,500  

Discount rate

     7.5 % 

Approximate timing of cash flows

     3 years  
Summarizes contingent consideration activity
         
(in thousands)      

Balance as of March 31, 2012

   $ —    

Contingent consideration from business acquisition

     2,965  

Contingent consideration – payments

     —    

Contingent consideration – change in fair value

     —    
   

 

 

  

Balance as of June 30, 2012

   $ 2,965