Summary of Significant Accounting Policies (Tables) |
6 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jun. 30, 2016 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Changes in Warranty Liability |
Changes in the Company’s warranty liability for the six months ended June 30, 2016 are as follows:
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Fair Value Remeasurement Based on Significant Inputs Not Observable, Level 3 Measurement |
The Company determines the fair value of acquisition liabilities on a recurring basis based on a probability-weighted discounted cash flow analysis and Monte Carlo simulation. The fair value remeasurement is based on significant inputs not observable in the market and thus represents a Level 3 measurement as defined in the fair value hierarchy. In each period, the Company reassesses its current estimates of performance relative to the stated targets and adjusts the liability to fair value. Any such adjustments are included as a component of selling, general and administrative expense in the Consolidated Statement of Operations. Changes in the fair value of acquisition liabilities during the six months ended June 30, 2016 were as follows:
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Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques |
The following table presents quantitative information about Level 3 fair value measurements as of June 30, 2016:
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Summary of Changes in Allowance for Doubtful Accounts |
The following summarizes the changes in the allowance for doubtful accounts for the six months ended June 30, 2016:
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Estimated Useful Lives of Property and Equipment |
The estimated useful lives of property and equipment are as follows:
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