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Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2020
Fair Value [Abstract]  
Assets and Liabilities Measured at Fair Value on Recurring Basis

The Company’s assets and liabilities measured at fair value on a recurring basis at March 31, 2020 and December 31, 2019, were as follows:

Fair Value Measurement at March 31, 2020 Using

    

    

Quoted Prices in

    

Significant

    

Active Markets

Other

Significant

for Identical

Observable

Unobservable

Assets

Inputs

Inputs

Total

(Level 1)

(Level 2)

(Level 3)

Interest rate swap derivative instruments – net liability position

$

(98,269)

$

$

(98,269)

$

Restricted cash and investments

$

134,934

$

$

134,934

$

Contingent consideration

$

(67,599)

$

$

$

(67,599)

Fair Value Measurement at December 31, 2019 Using

    

    

Quoted Prices in

    

Significant

    

Active Markets

Other

Significant

for Identical

Observable

Unobservable

Assets

Inputs

Inputs

Total

(Level 1)

(Level 2)

(Level 3)

Interest rate swap derivative instruments – net liability position

$

(39,802)

$

$

(39,802)

$

Restricted cash and investments

$

147,318

$

$

147,318

$

Contingent consideration

$

(69,484)

$

$

$

(69,484)

Fair Value for Level 3 Liabilities

The following table summarizes the changes in the fair value for Level 3 liabilities related to contingent consideration for the three months ended March 31, 2020 and 2019:

Three Months Ended March 31, 

    

2020

    

2019

Beginning balance

$

69,484

$

54,615

Payment of contingent consideration recorded at acquisition date

 

(1,976)

 

(275)

Adjustments to contingent consideration

 

1,466

Interest accretion expense

 

416

 

455

Foreign currency translation adjustment

 

(325)

 

75

Ending balance

$

67,599

$

56,336