Quarterly report pursuant to Section 13 or 15(d)

Summary of Significant Accounting Policies (Tables)

v3.10.0.1
Summary of Significant Accounting Policies (Tables)
9 Months Ended
Sep. 30, 2018
Accounting Policies [Abstract]  
Schedule of Estimated Useful Life of Assets Used to Compute Depreciation Using the Straight-line Method

Depreciation expense has been calculated using the following estimated useful lives:

 

Buildings and other improvements

   10–20 years

Leasehold improvements

   Remaining lease period

Office furniture and equipment

   5–7 years

Computer equipment and software

   3–5 years
Summary of Fair Value Measurements

 

 

    

Fair Value Measurements

at September 30, 2018

 
     (in thousands)  
     Level 1      Level 2      Level 3      Net Balance  

Asset at Fair Value:

           

Forward purchase contracts

     —        $ —          —        $ —    
  

 

 

    

 

 

    

 

 

    

 

 

 

Total Assets at Fair Value

     —        $ —          —        $ —    
  

 

 

    

 

 

    

 

 

    

 

 

 

Liabilities at Fair Value

           

Forward purchase contracts

     —        $ 413        —        $ 413  
  

 

 

    

 

 

    

 

 

    

 

 

 

Total Liabilities at Fair Value

     —        $ 413        —        $ 413  
  

 

 

    

 

 

    

 

 

    

 

 

 

 

    

Fair Value Measurements

at December 31, 2017

 
     (in thousands)  
     Level 1      Level 2      Level 3      Net Balance  

Asset at Fair Value:

           

Forward purchase contracts

     —        $ 3        —        $ 3  
  

 

 

    

 

 

    

 

 

    

 

 

 

Total Assets at Fair Value

     —        $ 3        —        $ 3  
  

 

 

    

 

 

    

 

 

    

 

 

 

Liabilities at Fair Value

           

Forward purchase contracts

     —        $ 4        —        $ 4  
  

 

 

    

 

 

    

 

 

    

 

 

 

Total Liabilities at Fair Value

     —        $ 4        —        $ 4  
  

 

 

    

 

 

    

 

 

    

 

 

 

 

Schedule of Amounts of Non-hedging Derivative Financial Instruments

The table below summarizes the carrying value of derivative instruments as of September 30, 2018 and December 31, 2017.

 

     Asset Derivatives      Liability Derivatives  

Derivatives not

designated as hedging

instruments under

ASC Topic 815

   Balance
Sheet
Location
     Fair Value      Balance
Sheet
Location
     Fair Value  
   September 30,
2018
     December 31,
2017
     September 30,
2018
     December 31,
2017
 
            (in thousands)             (in thousands)  

Forward purchase contracts

    
Prepaid expenses and
other current assets

 
   $ —        $ 3        Accrued Liabilities—current      $ 413      $ 4  
     

 

 

    

 

 

       

 

 

    

 

 

 

Total derivatives

      $ —        $ 3         $ 413      $ 4  
Summary of Interest Expense and Income

The following table summarizes the activity for the three and nine months ended September 30, 2018 and 2017:

 

     Three Months
Ended
September 30,
     Nine Months
Ended
September 30,
 
     2018      2017      2018      2017  

Interest expense

   $ 349      $ 3      $ 901      $ 46  

Interest income

     (578      (93      (989      (93
  

 

 

    

 

 

    

 

 

    

 

 

 

Interest income, net

   $ (229    $ (90    $ (88    $ (47