Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurements (Tables)

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

   $ 74,225     $ 74,225       —         —       Cash and cash equivalents

Liabilities:

                                    

Contingent consideration, current

   $ 42       —         —       $ 42     Accrued expenses

Contingent consideration, long-term

   $ 2,332       —         —       $ 2,332     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  

Estimated earn-out contingent consideration

   $ 3,500  

Working capital adjustment

     (454 ) 

Indemnification related to warranty claims

     (303 ) 

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

     3,038  

Contingent consideration – payments

     —    

Contingent consideration – change in fair value in G&A expense

     93  

Working capital adjustment

     (454 ) 

Indemnification related to warranty claims

     (303 ) 
   

 

 

  

Balance as of September 30, 2012

   $ 2,374