Fair Value Measurements - (Tables)

9 Months Ended

Sep. 30, 2019

Fair Value Measurements, Recurring and Nonrecurring

The following tables provide the assets and liabilities carried at fair value measured on a recurring basis at September 30, 2019 and December 31, 2018:

			Fair Value Measurements Using
	Carrying Value		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
September 30, 2019
Assets:
Available-for-sale debt securities:
Municipal notes and bonds	$	53,436	$	—	$	53,436	$	—
Total assets	$	53,436	$	—	$	53,436	$	—
Liabilities:
Contingent consideration - acquisitions	$	1,206	$	—	$	—	$	1,206
Foreign currency forward contracts		10		—		10		—
Total liabilities	$	1,216	$	—	$	10	$	1,206

December 31, 2018
Assets:
Available-for-sale debt securities:
Municipal notes and bonds	$	62,684	$	—	$	62,684	$	—
Total assets	$	62,684	$	—	$	62,684	$	—
Liabilities:
Contingent consideration - acquisitions	$	2,060	$	—	$	—	$	2,060
Foreign currency forward contracts		32		—		32		—
Total liabilities	$	2,092	$	—	$	32	$	2,060

Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation

This table presents a reconciliation of all liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3) for the nine months ended September 30, 2019:

	Fair Value Measurements Using Significant Unobservable Inputs (Level 3)
Balance at December 31, 2018	$	2,060
Additions		267
Payments		(1,121	)
Transfer into (out of) Level 3		—
Balance at September 30, 2019	$	1,206

- Definition

Tabular disclosure of financial instruments measured at fair value, including those classified in shareholders' equity measured on a recurring or nonrecurring basis. Disclosures include, but are not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. Nonrecurring fair value measurements are those that are required or permitted in the statement of financial position in particular circumstances.

+ References + Details

RUDOLPH TECHNOLOGIES INC 10-Q