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FAIR VALUE MEASUREMENTS (Tables)
6 Months Ended
Jun. 30, 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 are as follows (in thousands):
 
Three Months Ended
June 30,
 
Six Months Ended
June 30,
 
2020
 
2019
 
2020
 
2019
Contingent consideration, beginning of period
$
22,342

 
$
49,429

 
$
33,464

 
$
38,837

Transfers into Level 3

 

 

 

Transfers out of Level 3

 

 

 

Total net losses (gains) included in earnings (realized and unrealized)
9,175

 
2,790

 
1,053

 
17,382

Purchases, sales and settlements:
 
 
 
 
 
 
 
Additions

 

 

 

Payments
(3,000
)
 
(2,000
)
 
(6,000
)
 
(6,000
)
Contingent consideration, end of period
$
28,517

 
$
50,219

 
$
28,517

 
$
50,219


Schedule of fair value measurement valuation
The following table provides quantitative information about Level 3 fair value measurements.
 
Fair Value at
June 30, 2020
Valuation Technique
Unobservable Input
Range (Weighted Average)(a)
 
(in thousands)
 
 
 
Contingent consideration
$
28,517

Option pricing model
Operating results growth rate
20.7% - 28.4% (24.6%)

 
 
 
Discount rate
8.1
%
(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.