FAIR VALUE MEASUREMENTS (Tables)

6 Months Ended

Jun. 30, 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 June 30, 2021 (in thousands):

	Level 1		Level 2		Level 3		Total
Cash equivalents:
Money market funds	$	42,098	$	—	$	—	$	42,098
Other current liabilities:
Interest rate swaps	—		(18,723)		—		(18,723)
Contingent consideration	—		—		(14,810)		(14,810)
Other liabilities:
Interest rate swaps	—		(35,810)		—		(35,810)
Contingent consideration	—		—		(1,373)		(1,373)
Total	$	42,098	$	(54,533)	$	(16,183)	$	(28,618)

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)
	June 30, 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 June 30, 2021 (in thousands):

	June 30, 2021
Carrying value	$	884,718
Fair value	$	878,083

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 and six months ended June 30, 2021 and 2020 (in thousands):

Three Months Ended June 30, 2021	Gain (Loss) recognized in OCI		Statement of Operations Location	(Gain) Loss reclassified from OCI
Interest rate swap contract	$	(2,831)	Interest expense	$	4,770
Six Months Ended June 30, 2021	Gain (Loss) recognized in OCI		Statement of Operations Location	(Gain) Loss reclassified from OCI
Interest rate swap contract	$	6,384	Interest expense	$	9,449

Three Months Ended June 30, 2020	Gain (Loss) recognized in OCI		Statement of Operations Location	(Gain) Loss reclassified from OCI
Interest rate swap contract	$	(8,194)	Interest expense	$	4,040
Six Months Ended June 30, 2020	Gain (Loss) recognized in OCI		Statement of Operations Location	(Gain) Loss reclassified from OCI
Interest rate swap contract	$	(45,909)	Interest expense	$	6,167