Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 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 June 30, 2017 and December 31, 2016 is as follows (in thousands):

		As of June 30, 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	$	6,230	$	-	$	-	$	6,230	$	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 June 30, 2017 (in thousands):

	Fair Value of Contingent Consideration Liability
Balance at January 1, 2017	$	6,400
Fair value adjustments		(170)
Balance at June 30, 2017	$	6,230

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

The following table summarizes the carrying value and fair value of the 2016 Senior Secured Credit Facility as of June 30, 2017 and December 31, 2016 (in thousands):

	June 30,				December 31,
	2017				2016
	Carrying Amounts		Fair Value     Level 2		Carrying Amounts		Fair Value     Level 2
Senior Secured Credit Facility	$	229,901	$	233,821	$	230,820	$	233,240