Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2017

Fair Value Measurements

Liabilities Measured at Fair Value on a Recurring Basis

A summary of the Company’s liabilities measured at fair value on a recurring basis as of March 31, 2017 and December 31, 2016 is as follows (in thousands):

		As of March 31, 2017								As of December 31, 2016
		Fair Value		Level 1		Level 2		Level 3		Fair Value		Level 1		Level 2		Level 3
Liabilities
Contingent consideration	$	6,530	$	-	$	-	$	6,530	$	6,400	$	-	$	-	$	6,400

Reconciliation of Assets And Liabilities Measured Using Significant Unobservable Inputs

The table below presents a reconciliation of all assets and liabilities of the Company measured at fair value on a recurring basis using significant unobservable inputs for the period from January 1, 2017 to March 31, 2017 (in thousands):

	Fair value of Contingent Consideration Liability
Balance at January 1, 2017	$	6,400
Fair value adjustments		130
Balance at March 31, 2017	$	6,530

Summary of carrying value and fair value of senior secured credit facility

	Fair value of Contingent Consideration Liability
Balance at January 1, 2017	$	6,400
Fair value adjustments		130
Balance at March 31, 2017	$	6,530

The following table summarizes the carrying value and fair value of the 2016 Senior Secured Credit Facility as of March 31, 2017 and December 31, 2016 (in thousands):

	March 31,				December 31,
	2017				2016
	Carrying Amounts		Fair Value     Level 2		Carrying Amounts		Fair Value     Level 2
Senior Secured Credit Facility	$	230,360	$	235,286	$	230,820	$	233,240