active Significant markets for other Significant identical observable unobservable Total assets inputs inputs fair value (Level 1) (Level 2) (Level 3) measurements (In thousands) Assets: Cash equivalents: Money market funds $ 233376 $ — $ — $ 233,376 Long-term investments: Marketable equity security 9,594 — — 9,594 Total $ 242.970 $ - $ - $ 242,970 Liabilities: Contingent consideration arrangements $ — $ — $ (28.573) $ (28,573) The following table presents the changes in the Company's financial instruments that are measured at fair value on a recurring basis using significant unobservable inputs (Level 3): Nine months ended September 30, 2014 2015 Contingent consideration arrangements Contingent consideration arrangements (In thousands) Balance at January 1 (43,625) $ (20.615) Total net (losses) gains: Included in earnings: Fair value adjustments 13.581 11.479 Foreign currency exchange gains 626 Included in other comprehensive loss 2.054 1.539 Fair value at date of acquisition (27.112) Settlements 7.373 5.510 Balance at September 30 (20,617) $ (28,573) Contingent consideration arrangements As of September 30, 2015. there are five contingent consideration arrangements related to business acquisitions. The maximum contingent payments related to these arrangements is $170.3 million and the fair value of these arrangements at September 30, 2015 is $28.6 million. The contingent consideration arrangements are generally based upon earnings performance endear operating metrics such as monthly active users. The Company determines the fair value of the contingent consideration arrangements by using a probability-weighted analysis to determine the amount of the gross liability, and, if the arrangement is long-term in nature. applying a discount rate that captures the risks associated with the obligation. The number of scenarios in the probability-weighted analyses can vary: generally, more F-11