The following table reflects the changes in the present value of our acquisition-related estimated contingent earn-out consideration for the years ending December 31, 2015 and 2014.
| | | Twelve Months Ended December 31, 2015 | | | | | Short-Term | | Long-Term | | | | | | | | Accrued Expenses | | Other Liabilities | | Total | | | | | (Dollars in thousands) | | | Beginning Balance as of January 1, 2015 | | $ | 1,575 | | $ | 1,710 | | $ | 3,285 | | | Acquisitions | | | 176 | | | 124 | | | 300 | | | Accretion of acquisition-related contingent earn-out consideration | | | 60 | | | 49 | | | 109 | | | Change in the estimated fair value of contingent earn-out consideration | | | (1,269) | | | (446) | | | (1,715) | | | Reclassification of payments due in next 12 months to short-term | | | 835 | | | (835) | | | | | | Payments | | | (1,204) | | | | | | (1,204) | | | Ending Balance as of December 31, 2015 | | $ | 173 | | $ | 602 | | $ | 775 | | | | | Twelve Months Ended December 31, 2014 | | | | | Short-Term | | Long-Term | | | | | | | | Accrued Expenses | | Other Liabilities | | Total | | | | | (Dollars in thousands) | | | Beginning Balance as of January 1, 2014 | | | 329 | | | 287 | | | 616 | | | Acquisitions | | | 692 | | | 1,355 | | | 2,047 | | | Accretion of acquisition-related contingent earn-out consideration | | | 68 | | | 120 | | | 188 | | | Change in the estimated fair value of contingent earn-out consideration | | | 341 | | | 393 | | | 734 | | | Reclassification of payments due in next12 month to short-term | | | 445 | | | (445) | | | | | | Payments | | | (300) | | | | | | (300) | | | Ending Balance as of December 31, 2014 | | $ | 1,575 | | $ | 1,710 | | $ | 3,285 | |
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