AMERICAN TOWER CORP /MA/
| 2013 | FY |
During the years ended
December 31, 2013
and
2012
, the fair value of the contingent consideration changed as follows (in thousands):
2013
2012
Balance as of January 1
$
23,711
$
25,617
Additions (1)
13,474
6,653
Payments
(8,789
)
(15,716
)
Change in fair value
5,743
6,329
Foreign currency translation adjustment
(2,249
)
828
Balance as of December 31
$
31,890
$
23,711
(1) Approximately
$9.3 million
of the additions to contingent consideration liability relates to the MIPT acquisition.
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