FAIR VALUE MEASUREMENTS (Tables)

3 Months Ended

Mar. 31, 2021

Fair Value Disclosures [Abstract]

Schedule of Fair Value Hierarchy For Financial Assets and Liabilities Measured at Fair Value On A Recurring Basis

The following table presents the fair value hierarchy for financial assets and liabilities measured at fair value on a recurring basis as of March 31, 2021 (in thousands):

	Level 1		Level 2		Level 3		Total
Cash equivalents:
Money market funds	$	42,097	$	—	$	—	$	42,097
Other current liabilities:
Interest rate swaps	—		(18,659)		—		(18,659)
Contingent consideration	—		—		(14,810)		(14,810)
Other liabilities:
Interest rate swaps	—		(37,812)		—		(37,812)
Contingent consideration	—		—		(1,373)		(1,373)
Total	$	42,097	$	(56,471)	$	(16,183)	$	(30,557)

The following table presents the fair value hierarchy for financial assets and liabilities measured at fair value on a recurring basis as of December 31, 2020 (in thousands):

	Level 1		Level 2		Level 3		Total
Cash equivalents:
Money market funds	$	42,096	$	—	$	—	$	42,096
Other current liabilities:
Interest rate swaps	—		(18,694)		—		(18,694)
Contingent consideration	—		—		(14,810)		(14,810)
Other liabilities:
Interest rate swaps	—		(51,659)		—		(51,659)
Contingent consideration	—		—		(1,373)		(1,373)
Total	$	42,096	$	(70,353)	$	(16,183)	$	(44,440)

Schedule of Financial Instruments Measured At Fair Value Using Unobservable Inputs (Level 3)

The following table presents financial instruments measured at fair value using unobservable inputs (Level 3) (in thousands):

	Fair Value Measurements Using Unobservable Inputs (Level 3)
	March 31, 2021		December 31, 2020
Balance, beginning of period	$	(16,183)	$	(16,790)
Fair value adjustment (recognized in general and administrative expenses)	—		(2,967)
Accretion expense (recognized in general and administrative expenses)	—		(109)
Settlement of liability	—		3,683
Total	$	(16,183)	$	(16,183)

Fair Value, by Balance Sheet Grouping

The following table presents the carrying value and fair value of the Company’s debt (including the current portion thereof) as of March 31, 2021 (in thousands):

	March 31, 2021
Carrying value	$	886,041
Fair value	$	877,180

Reclassification out of Accumulated Other Comprehensive Income

The following table presents the location and amount of gains and losses on interest rate swaps included in other comprehensive income (“OCI”) and the statement of operations for the three months ended March 31, 2021 and 2020 (in thousands):

Three Months Ended March 31, 2021	Gain (Loss) recognized in OCI		Statement of Operations Location	(Gain) Loss reclassified from OCI
Interest rate swap contract	$	9,215	Interest expense	$	4,679

Three Months Ended March 31, 2020	Gain (Loss) recognized in OCI		Statement of Operations Location	(Gain) Loss reclassified from OCI
Interest rate swap contract	$	(37,715)	Interest expense	$	2,127