FAIR VALUE MEASUREMENTS (Tables)

6 Months Ended

Jun. 30, 2020

Fair Value Disclosures [Abstract]

Reconciliation of the Changes in Level 3 Fair Value Measurements

The following table provides a reconciliation of the changes in Level 3 fair value measurements:

($ in millions)	Contingent Consideration
Balance at December 31, 2019	$	27.2
Change in valuation	(5.5)		(1)
Payments	(10.7)
Balance at June 30, 2020	$	11.0	(2)

(1)Resulted primarily from changes in management projections of EBITDA.

(2)Includes $8.4 million present value for a payout to be made in 2021 for which the performance threshold has been met and $2.0 million of fair value contingent consideration based on a probability-weighted analysis of 2020 EBITDA projections. The maximum potential payment of all contingent consideration outstanding as of June 30, 2020 was $18.0 million, the majority of which would be due and payable through April 2022. The weighted-average discount rate used in the June 30, 2020 valuation was 4.9%.