Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2019

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

	December 31, 2019		December 31, 2018
Financial Assets:	(amounts in thousands)
(Level 1)
Deferred compensation asset	$	830	$	—
Financial Liabilities:
(Level 1)
Deferred compensation liability	$	2,216	$	1,725
(Level 2)
Interest rate swap agreement	$	—	$	234
(Level 3)
Contingent consideration liabilities	$	7,300	$	7,689

Fair Value, Liabilities Measured on recurring Basis, Unobservable Input Reconciliation

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 as follows:

	Contingent Consideration
	Liabilities
	(amounts in thousands)
December 31, 2017	$	5,368
Payments	(280		)
Accretion expense	903
Valuation adjustment	1,698
December 31, 2018	7,689
Payments	(279		)
Accretion expense	500
Valuation adjustment	(610		)
December 31, 2019	$	7,300

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:

	December 31, 2019				December 31, 2018
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
	(amounts in thousands)
Financial Liabilities:
(Level 2)
Senior Secured Asset-Based Loan	$	70,974	$	70,974	$	—	$	—
Term Loan, net	$	—	$	—	$	83,179	$	81,800