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Fair Value Measurements (Tables)
 6 Months Ended
Jun. 30, 2017
Fair Value Measurements  
Summary of fair values and levels within the fair value hierarchy in which the fair value measurements fall for assets and liabilities measured on a recurring basis

The following table summarizes the fair values, and levels within the fair value hierarchy in which the fair value measurements fall, for assets and liabilities measured on a recurring basis as of June 30, 2017 (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance

 

Fair Value Measurements at Reporting Date

 

 

 

June 30,

 

 

 

 

 

 

 

 

    

2017

    

Level 1

    

Level 2

    

Level 3

 

Cash and cash equivalents

 

$

34,465

 

$

34,465

 

$

 —

 

$

 —

 

Life insurance—cash surrender value

 

$

3,501

 

$

 —

 

$

3,501

 

$

 —

 

Contingent earn-out obligations

 

$

14,910

 

$

 —

 

$

 —

 

$

14,910

 

 

Schedule of reconciliation of the fair value of contingent earn-out obligations that use significant unobservable inputs (Level 3)

The table below presents a reconciliation of the fair value of our contingent earn-out obligations that use significant unobservable inputs (Level 3) (in thousands).

 

 

 

 

 

 

Balance at beginning of year

    

$

2,531

 

Issuances

 

 

11,755

 

Settlements

 

 

 —

 

Adjustments to fair value

 

 

624

 

Balance at June 30, 2017

 

$

14,910