Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurements (Tables)

v3.22.2.2
Fair Value Measurements (Tables)
 9 Months Ended
Sep. 30, 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 September 30, 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 September 30, 2022 Fair Value December 31, 2021
Non-COLI assets held in Deferred Supplemental Compensation Plan Other assets Level 1 $ 515  $ 598 
Interest rate swaps Other assets Level 2 $ 7,131  $ — 
Interest rate swaps Accrued expenses and other current liabilities Level 2 $ —  $ 234 
Earn-out obligation - short-term Accrued expenses and other current liabilities Level 3 $ —  $ 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 nine months ended September 30, 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 (1,250) —  (1,250)
Balance as of September 30, 2022 $ —  $ —  $ — 
Other Financial Instruments