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FAIR VALUE MEASUREMENTS (Tables)
 6 Months Ended
Jun. 30, 2020
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
 June 30, 2020December 31, 2019
(amounts in thousands)
Financial Assets:
(Level 1)
Deferred compensation asset$875  $830  
Financial Liabilities:
(Level 1)  
Deferred compensation liability$2,065  $2,216  
(Level 3)
Contingent consideration liabilities$—  $7,300  
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
20202019
(amounts in thousands)
Balance at beginning of period$7,300  $7,689  
Payments(100) (100) 
Accretion expense—  247  
Valuation adjustment77  —  
Reclassification to other current and long-term liabilities(7,277) —  
Balance at March 31—  7,836  
Accretion expense—  253  
Balance at June 30$—  $8,089  
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:

 June 30, 2020December 31, 2019
Carrying
Amount		Fair
Value		Carrying
Amount		Fair
Value
Financial Liabilities:(amounts in thousands)
(Level 2)    
Note Payable$4,851  $4,851  $—  $—  
Senior Secured Asset-Based Loan$49,101  $49,101  $70,974  $70,974