Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurements (Tables)

Fair Value Measurements (Tables)

3 Months Ended

Jun. 30, 2015

Assets and liabilities measured at fair value on a recurring basis and their related valuation inputs

The following table presents financial assets, excluding cash, and non-financial liabilities measured at fair value on a recurring basis and their related valuation inputs as of June 30, 2015:



(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	$	4,805	$	4,805	—	—		Cash and cash equivalents
Liabilities:
Contingent consideration, current	$	1,265	—		—	$	1,265	Contingent consideration
Contingent consideration, non- current	$	169	—		—	$	169	Contingent consideration non-current

The following table presents financial assets, excluding cash, and non-financial liabilities measured at fair value on a recurring basis and their related valuation inputs as of March 31, 2015:



(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	$	2,879	$	2,879	—	—		Cash and cash equivalents
Liabilities:
Contingent consideration, current	$	1,184	—		—	$	1,184	Contingent consideration
Contingent consideration, non- current	$	400	—		—	$	400	Contingent consideration non-current

Fair value measurement of contingent consideration

The fair value measurement of contingent consideration as of June 30, 2015, and March 31, 2015, encompasses the following significant unobservable inputs:



($ in thousands)	Unobservable Inputs
	June 30, 2015			March 31, 2015
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	6.3		%	6.3		%
Approximate timing of cash flows	1.1 years			1.4 years

Summarizes contingent consideration activity

The following table summarizes contingent consideration activity:



(in thousands)
Balance as of March 31, 2015	$	1,584
Contingent consideration – payments	(167		)
Contingent consideration – change in fair value in General and Administrative expense	17
Balance as of June 30, 2015	$	1,434