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FAIR VALUE MEASUREMENTS (Tables)
9 Months Ended
Sep. 30, 2018
Fair Value Disclosures [Abstract]  
Summary of Estimated Fair Values of Financial Assets and Liabilities Measured on a Recurring Basis
The table which follows summarizes the estimated fair value of the Company’s financial assets and liabilities measured on a recurring basis:
 
Fair Value Measurements
 
September 30, 2018
 
December 31, 2017
Financial Assets:
(amounts in thousands)
(Level 2)
 
 
 
Interest rate swaps
$
370

 
$

Financial Liabilities:
 
 
 
(Level 1)
 

 
 

Deferred compensation
$
1,787

 
$
1,467

(Level 3)
 
 
 
Contingent consideration liabilities
$
5,536

 
$
5,368

Schedule of reconciliation of opening and closing balances for fair value measurements categorized within Level 3
The opening balances of contingent consideration liabilities are reconciled to the closing balances for fair value measurements of these liabilities categorized within Level 3 of the fair value hierarchy are as follows:
 
Contingent Consideration
 
Liabilities
 
(amounts in thousands)
December 31, 2017
$
5,368

Payments/Settlements
(100
)
Accretion expense
212

March 31, 2018
5,480

Accretion expense
220

June 30, 2018
$
5,700

Payments
(180
)
Accretion expense
229

Valuation adjustment
(213
)
September 30, 2018
$
5,536



Carrying Amounts and Estimated Fair Values of Significant Financial Instrument that were not Measured at Fair Value
The carrying amounts and estimated fair value of the Company’s significant financial instruments that were not measured at fair value are as follows:
 
September 30, 2018
 
December 31, 2017
 
Carrying
Amount
 
Fair
Value
 
Carrying
Amount
 
Fair
Value
Financial Liabilities:
 
 
(amounts in thousands)
 
 
(Level 2)
 

 
 

 
 

 
 

Term Loan, net
$
90,586

 
$
94,000

 
$
99,134

 
$
100,500