Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurements (Tables)

v3.22.1
Fair Value Measurements (Tables)
 3 Months Ended
Mar. 31, 2022
Fair Value Disclosures [Abstract]  
Fair Value of Assets and Liabilities
The following table summarizes the financial assets and liabilities measured at fair value on a recurring basis as of March 31, 2022 and December 31, 2021 and the level they fall within the fair value hierarchy (in thousands):
Amounts Recorded at Fair Value Financial Statement Classification Fair Value Hierarchy Fair Value March 31, 2022 Fair Value December 31, 2021
Non-COLI assets held in Deferred Supplemental Compensation Plan Other assets Level 1 $ 577  $ 598 
Interest rate swap agreements Accrued expenses and other current liabilities Level 2 $ —  $ 234 
Earn-out obligation - short-term Accrued expenses and other current liabilities Level 3 $ 750  $ 1,000 
Earn-out obligation - long-term Other long-term liabilities Level 3 $ —  $ 250 
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation Changes in the earn-out obligation measured at fair value on a recurring basis using unobservable inputs (Level 3) for the three months ended March 31, 2022 are as follows (in thousands):
Current portion Long-term portion Total
Balance as of December 31, 2021 $ 1,000  $ 250  $ 1,250 
Reclassification from long-term to current 250  (250) — 
Earn-out payments (500) —  (500)
Balance as of March 31, 2022 $ 750  $ —  $ 750