Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2018

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 March 31, 2018 and December 31, 2017 (in thousands):

	Fair Value Measurements at March 31, 2018
	Level 1		Level 2		Level 3		Total
Cash and cash equivalents	$	25,219	$	—	$	—	$	25,219
Life insurance—cash surrender value	$	—	$	2,950	$	—	$	2,950
Contingent earn-out obligations	$	—	$	—	$	8,542	$	8,542
	Fair Value Measurements at December 31, 2017
	Level 1		Level 2		Level 3		Total
Cash and cash equivalents	$	36,542	$	—	$	—	$	36,542
Life insurance—cash surrender value	$	—	$	3,128	$	—	$	3,128
Contingent earn-out obligations	$	—	$	—	$	7,993	$	7,993

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	$	7,993
Issuances		1,000
Settlements		(298)
Adjustments to fair value		(153)
Balance at March 31, 2018	$	8,542