Rendering

Component: (Network and Table)
Network
2315301 - Disclosure - Fair Value Measurements (Tables)
(http://www.agilysys.com/role/FairValueMeasurementsTables)
Table(Implied)
Slicers (applies to each fact value in each table cell)
Reporting Entity [Axis]0000078749 (http://www.sec.gov/CIK)
Fair Value Disclosures [Abstract]Period [Axis]
2015-04-01 - 2016-03-31
Fair Value Disclosures [Abstract]
 
Assets and liabilities measured at fair value on a recurring basis
The following tables present information about our financial assets and liabilities measured at fair value on a recurring basis and indicate the fair value hierarchy of the valuation techniques utilized to determine such fair value:
 
Fair value measurement used
 
Recorded
value
as of
 
Active
markets
for
identical
assets or
liabilities
 
Quoted
prices in
similar
instruments
and
observable
inputs
 
Active
markets for
unobservable
inputs
(In thousands)
March 31, 2016
 
(Level 1)
 
(Level 2)
 
(Level 3)
Assets:
 
 
 
 
 
 
 
Corporate-owned life insurance — current
2,357

 
 
 
 
 
2,357

Corporate-owned life insurance — non-current
765

 

 

 
765

Liabilities:
 
 
 
 
 
 
 
Contingent consideration — current
$
197

 

 

 
$
197


 
Fair value measurement used
 
Recorded
value
as of
 
Active
markets
for
identical
assets or
liabilities
 
Quoted
prices in
similar
instruments
and
observable
inputs
 
Active
markets for
unobservable
inputs
(In thousands)
March 31, 2015
 
(Level 1)
 
(Level 2)
 
(Level 3)
Assets:
 
 
 
 
 
 
 
Corporate-owned life insurance — non-current
2,493

 
—

 
—

 
2,493

Liabilities:
 
 
 
 
 
 
 
Contingent consideration - current
$
8

 
$
—

 
$
—

 
$
8

Contingent consideration - non-current
104

 
—

 
—

 
104


  
Summary of changes in the fair value of the Level 3 assets and liabilities Corporate-owned life insurance
The following table presents a summary of changes in the fair value of the corporate-owned life insurance Level 3 asset for the fiscal years ended March 31, 2016 and 2015:
 
Level 3 assets and
liabilities
(In thousands)
2016
 
2015
Corporate-owned life insurance:
 
 
 
Balance on April 1
$
2,493

 
$
4,360

Realized gains
564

 
57

Unrealized gain relating to instruments held at reporting date
65

 
65

Purchases, sales, issuances and settlements, net
—

 
(1,989
)
Balance on March 31
$
3,122

 
$
2,493

  
Summary of changes in the fair value of the Level 3 assets and liabilities
The following table presents a summary of changes in the fair value of the contingent consideration Level 3 liability for fiscal years ended March 31, 2016 and 2015:


Level 3 assets and
liabilities

(In thousands)
2016
 
2015
Contingent consideration:
 
 
 
Balance on April 1
$
112

 
$
1,739

Activity, payments and other charges (net)
(8
)
 
(9
)
Fair value adjustment
93

 
(1,618
)
Balance on March 31
$
197

 
$
112


The fair value of the contingent consideration related to the TMC acquisition was determined by calculating the probability-weighted earn-out payments based on the assessment of the likelihood that certain revenue milestones would be achieved. As of March 31, 2015, due to a decrease in expected revenues associated with the contingent consideration, we recorded a gain of $1.6 million within "Asset write-offs and other fair value adjustments" in the Consolidated Statements of Operations.