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Fair Value Measurements (Tables)
9 Months Ended
Sep. 30, 2019
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 is as follows (in thousands):

As of September 30, 2019

As of December 31, 2018

    

Fair Value

    

Level 1

    

Level 2

    

Level 3

    

Fair Value

    

Level 1

    

Level 2

    

Level 3

Liabilities

Contingent consideration

$

5,400

$

$

$

5,400

$

5,070

$

$

$

5,070

Reconciliation of all liabilities of Company measured at fair value on a recurring basis using significant unobservable inputs

The table below presents a reconciliation of this liability (in thousands):

Balance at January 1, 2019

$

5,070

Fair value adjustments

330

Balance at September 30, 2019

$

5,400

The following table summarizes the carrying value and fair value of the Senior Secured Credit Facility (in thousands):

September 30, 

December 31,

2019

2018

    

Carrying
Amount

    

Fair Value
Level 2

    

Carrying
Amount

    

Fair Value
Level 2

Senior Secured Credit Facility

$

225,776

$

226,240

$

227,152

$

221,673

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

Balance at January 1, 2019

$

5,070

Fair value adjustments

330

Balance at September 30, 2019

$

5,400