Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2020

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 March 31, 2020								As of December 31, 2019
	Fair Value		Level 1		Level 2		Level 3		Fair Value		Level 1		Level 2		Level 3
Liabilities
Contingent consideration	$	4,500	$	—	$	—	$	4,500	$	5,005	$	—	$	—	$	5,005

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, 2020		5,005
Fair value adjustments		(505)
Balance at March 31, 2020	$	4,500

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

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

	March 31, 2020				December 31, 2019
	Carrying Amount		Fair Value Level 2		Carrying Amount		Fair Value Level 2
Senior Secured Credit Facility	$	224,860	$	192,759	$	225,319	$	227,363