Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2015

The following table summarizes the financial assets and liabilities measured at fair value on a recurring basis as of December 31, 2015 and December 31, 2014 and the level they fall within the fair value hierarchy (in thousands):

Amounts Recorded at Fair Value	Financial Statement Classification	Fair Value Hierarchy	Fair Value December 31, 2015		Fair Value December 31, 2014
Non-COLI assets held in Deferred Supplemental Compensation Plan	Other assets	Level 1	$	264	$	253
Interest rate swaps	Accrued expenses	Level 2	$	123		-
Earn-out obligations - current	Current portion of earn-out obligations	Level 3	$	9,678	$	9,455
Earn-out obligations - long-term	Earn-out obligations	Level 3	$	10,166		-

Fair Value Reconciliation, Unobservable Inputs

The following table provides a reconciliation of the beginning and ending balance of the earn-out obligations measured at fair value on a recurring basis that used significant unobservable inputs (Level 3).

	Current portion			Long-term portion			Total
Balance as of December 31, 2014	$	9,455		$	-		$	9,455
Earn-out payments		(14,982	)		-			(14,982	)
Fair value adjustment included in earnings		527			(101	)		426
Additional earn-out obligations		14,678			10,267			24,945
Balance as of December 31, 2015	$	9,678		$	10,166		$	19,844