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Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 2019
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, 2019 and December 31, 2018 (in thousands):

Fair Value Measurements at June 30, 2019

    

Level 1

    

Level 2

    

Level 3

    

Total

Cash and cash equivalents

$

36,787

$

$

$

36,787

Life insurance—cash surrender value

$

$

3,506

$

$

3,506

Contingent earn-out obligations

$

$

$

28,202

$

28,202

Fair Value Measurements at December 31, 2018

    

Level 1

    

Level 2

    

Level 3

    

Total

Cash and cash equivalents

$

45,620

$

$

$

45,620

Life insurance—cash surrender value

$

$

3,252

$

$

3,252

Contingent earn-out obligations

$

$

$

7,375

$

7,375

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

Balance at beginning of year

    

$

7,375

 

Issuances

 

19,500

Settlements

(593)

Adjustments to fair value

 

1,920

Balance at June 30, 2019

$

28,202