Fair Value Measurements and Investments (Tables)
 3 Months Ended
Mar. 31, 2013
Fair Value Measurements and Investments  
Schedule of assets and liabilities accounted for at fair value

The tables do not include cash on hand or assets and liabilities that are measured at historical cost or any basis other than fair value (in thousands):

 

 

 

 

 

Fair Value Measurements at March 31, 2013

 

 

 

Balance
Sheet
Location

 

Quoted Prices
in Active
Markets
(Level 1)

 

Significant
Other
Observable
Inputs
(Level 2)

 

Significant
Unobservable
Inputs
(Level 3)

 

Total
Fair Value
Measurements

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

Currency forward derivatives/options

 

(b)

 

$

—

 

$

514

 

$

—

 

$

514

 

Springbox revenue sharing

 

(b)(c)

 

—

 

—

 

768

 

768

 

Marketable equity securities

 

(c)

 

423

 

—

 

—

 

423

 

Total

 

 

 

$

423

 

$

514

 

$

768

 

$

1,705

 

Liabilities:

 

 

 

 

 

 

 

 

 

 

 

Revenue earnouts

 

(d)(e)

 

$

—

 

$

—

 

$

1,656

 

$

1,656

 

 

 

 

 

 

Fair Value Measurements at December 31, 2012

 

 

 

Balance
Sheet
Location

 

Quoted Prices
in Active
Markets
(Level 1)

 

Significant
Other
Observable
Inputs
(Level 2)

 

Significant
Unobservable
Inputs
(Level 3)

 

Total
Fair Value
Measurements

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

Money market funds

 

(a)

 

$

4,004

 

$

—

 

$

—

 

$

4,004

 

Currency forward derivatives/options

 

(b)

 

—

 

445

 

—

 

445

 

Springbox revenue sharing

 

(b)(c)

 

—

 

—

 

768

 

768

 

Marketable equity securities

 

(c)

 

337

 

—

 

—

 

337

 

Total

 

 

 

$

4,341

 

$

445

 

$

768

 

$

5,554

 

Liabilities:

 

 

 

 

 

 

 

 

 

 

 

Revenue earnouts

 

(d)(e)

 

$

—

 

$

—

 

$

2,857

 

$

2,857

 

 

 

(a) Included in cash and cash equivalents.

(b) Included in other current assets.

(c) Included in other non-current assets.

(d) Included in accrued liabilities.

(e) Included in other non-current liabilities.
Schedule of reconciliation of changes in the fair values of Level 3 assets

The following table provides a reconciliation of changes in the fair values of our Level 3 assets (in thousands):

 

 

 

Revenue
Sharing
Arrangement

 

Balance at December 31, 2012

 

$

768

 

Additions

 

—

 

Change in fair value recognized in earnings

 

—

 

Balance at March 31, 2013

 

$

768

 
Schedule of reconciliation of changes in the fair values of level 3 liabilities

The following table provides a reconciliation of changes in the fair value of our Level 3 liabilities (in thousands):

 

 

 

Revenue Earnouts

 

 

 

Three Months
Ended March 31,
2013

 

Three Months
Ended March 31,
2012

 

Balance at beginning of period

 

$

2,857

 

$

1,673

 

Payments

 

(1,201

)

—

 

Change in fair value recognized in earnings

 

—

 

(17

)

Balance at end of period

 

$

1,656

 

$

1,656