FAIR VALUE MEASUREMENTS (Tables)

3 Months Ended

Mar. 31, 2020

Fair Value Disclosures [Abstract]

Schedule of changes in assets and liabilities that are measured at fair value on a recurring basis using significant unobservable inputs

The changes in the fair value of the Company's Level 3 liabilities during the first quarters of 2020 and 2019 are as follows (in thousands):

	Three Months Ended March 31,
	2020			2019
Contingent consideration, beginning of period	$	33,464		$	38,837
Transfers into Level 3	—			—
Transfers out of Level 3	—			—
Total net losses (gains) included in earnings (realized and unrealized)	(8,122		)	14,592
Purchases, sales and settlements:
Additions	—			—
Payments	(3,000		)	(4,000		)
Contingent consideration, end of period	$	22,342		$	49,429

Schedule of fair value measurement valuation

The following table provides quantitative information about Level 3 fair value measurements.

	Fair Value at March 31, 2020		Valuation Technique(s)	Unobservable Input	Range (Weighted Average)(a)
	(in thousands)
Contingent consideration	$	22,342	Option pricing model	Operating results growth rate	8.7% - 37.1% (22.9%)
				Customer growth rate	0.7	%
				Discount rate	10.3% - 10.5% (10.4%)
			Scenario approach based on interest rate forecasts(b)	Date and likelihood of an increase in interest rates	—
				Discount rate	—	%

(a) Discount rates were weighted by the relative undiscounted value of expected earnout payments. Other unobservable inputs were weighted by the relative maximum potential earnout payments.

(b) See discussion over DepositAccounts within Note 8—Business Acquisitions—Changes in Contingent Consideration.