|TRIVAGO N.V. filed this Form 20-F on 03/06/2018|
4.Fair value measurement
The redeemable noncontrolling interest is measured at fair value on a recurring basis as of December 31, 2016 and is classified using the fair value hierarchy in the tables below:
There is no redeemable noncontrolling interest as of December 31, 2017 as a result of the deconsolidation of myhotelshop during December 2017.
See Note 12 - Redeemable noncontrolling interests for further information on the fair value of the put/call option classified as Level 3. As of December 31, 2016, the carrying value of our credit facility approximates fair value, and the balance was zero as of December 31, 2017. For the years ended December 31, 2016 and 2017, we had no financial assets classified as Level 2 or 3. See Note 2 - Significant accounting policies for more information.
5.Prepaid expenses and other current assets
6.Property and equipment, net
As of December 31, 2016 and 2017, our internally developed capitalized software development costs, net of accumulated amortization, were €2.6 million and €3.6 million, respectively.