Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurements (Tables)

v2.4.0.8
Fair Value Measurements (Tables)
 3 Months Ended
Jun. 30, 2014
Fair Value Disclosures [Abstract]  
Assets and liabilities measured at fair value on a recurring basis and their related valuation inputs
The following table presents financial assets and non-financial liabilities measured at fair value on a recurring basis and their related valuation inputs as of June 30, 2014:
(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
$
3,082

 
$
3,082

 
—

 
—

 
Cash and cash
equivalents
Liabilities:
 
 
 
 
 
 
 
 
 
Contingent consideration, current
$
1,609

 
—

 
—

 
$
1,609

 
Contingent
consideration
Contingent consideration, non-
current
$
468

 
—

 
—

 
$
468

 
Contingent consideration non-current
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, 2014:
(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
$
117

 
$
117

 
—

 
—

 
Cash and cash
equivalents
Liabilities:
 
 
 
 
 
 
 
 
 
Contingent consideration, current
$
2,067

 
—

 
—

 
$
2,067

 
Contingent consideration
Contingent consideration, non-
current
$
574

 
—

 
—

 
$
574

 
Contingent
consideration
non-current
Fair value measurement of contingent consideration
The fair value measurement of contingent consideration as of June 30, 2014 and March 31, 2014, encompasses the following significant unobservable inputs:
($ in thousands)
Unobservable Inputs for Three Months Ended
 
June 30, 2014

 
March 31, 2014

Estimated earn-out contingent consideration
$
3,500

 
$
3,500

Working capital and other adjustment
(444
)
 
(444
)
Indemnification related to warranty claims
(303
)
 
(303
)
Discount rate
7.4
%
 
7.5
%
Approximate timing of cash flows
1.4 years

 
1.4 years

Summarizes contingent consideration activity
The following table summarizes contingent consideration activity:
(in thousands)
 
Balance as of March 31, 2014
$
2,641

Contingent consideration – payments
(575
)
Contingent consideration – change in fair value in G&A expense
11

Balance as of June 30, 2014
$
2,077