| Schedule of assets and liabilities measured at fair value on a recurring basis |
The following tables provide information regarding the Company’s assets and liabilities measured at fair value on a recurring basis at April 1, 2017 and December 31, 2016. The fair value of cash and cash equivalents, accounts receivable, other current assets, accounts payable and accrued expenses and other liabilities approximates their carrying value, due to their short-term nature.
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April 1, 2017
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Adjusted Cost
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Unrealized Gains
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Unrealized Losses
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Fair Value
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Assets
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Level 1:
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Equity securities
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$
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-
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$
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22
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$
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-
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$
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22
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Mutual funds
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1,483
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-
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(148
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)
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1,335
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Subtotal
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1,483
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22
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(148
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)
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1,357
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Level 2:
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Corporate fixed income
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2,297
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13
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(224
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)
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2,086
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Municipal bonds
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1,341
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-
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(80
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)
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1,261
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Subtotal
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3,638
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13
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(304
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)
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3,347
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Total
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$
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5,121
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$
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35
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$
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(452
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)
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$
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4,704
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Liabilities
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Level 3:
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Contingent consideration
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$
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35,077
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Total
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$
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35,077
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December 31, 2016
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Adjusted Cost
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|
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Unrealized Gains
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|
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Unrealized Losses
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|
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Fair Value
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|
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Assets
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Level 1:
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Equity securities
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$
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-
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$
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31
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$
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-
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$
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31
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Mutual funds
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1,483
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-
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(159
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)
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1,324
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Subtotal
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1,483
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31
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(159
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)
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1,355
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Level 2:
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Corporate fixed income
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4,288
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9
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(408
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)
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3,889
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Municipal bonds
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1,675
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|
|
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-
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(94
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)
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1,581
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Subtotal
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5,963
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9
|
|
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(502
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)
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5,470
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Total
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$
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7,446
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|
$
|
40
|
|
|
$
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(661
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)
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|
$
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6,825
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Liabilities
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Level 3:
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|
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Contingent consideration
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|
|
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|
|
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|
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$
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35,077
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Total
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$
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35,077
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|
| Summary of maturities of marketable securities |
Maturities of investments at April 1, 2017 are as follows:
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Adjusted Cost
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Fair Value
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Due in less than one year
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$
|
101
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|
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$
|
104
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Due after one year but within five years
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1,839
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1,653
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Due after five years but within ten years
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|
967
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|
923
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Due after ten years
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|
|
731
|
|
|
|
667
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Total
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$
|
3,638
|
|
|
$
|
3,347
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