Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurements (Tables)

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Fair Value Measurements (Tables)
 6 Months Ended
Jun. 30, 2015
Fair Value Measurements [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 June 30, 2015 and December 31, 2014 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 June 30, 2015
 
Fair Value December 31, 2014
Non-COLI assets held in Deferred Supplemental Compensation Plan
  
Other assets
  
Level 1
  
$265
  
$253
Interest rate swaps
  
Accrued expenses
  
Level 2
  
$289
  
  -
Earn-out obligation - current
  
Current portion of earn-out obligations
  
Level 3
  
$23,807
  
$9,455
Earn-out obligation - long-term
  
Earn-out obligations
  
Level 3
  
$12,281
  
-
Fair Value Reconciliation, Unobservable Inputs
The following table provides a reconciliation of the beginning and ending balance of the earn-out obligations measured at fair value on a recurring basis that used significant unobservable inputs (Level 3).

   
Current portion
    
Long-term portion
    
Total
  
Balance as of December 31, 2014
  
$
9,455
    
$
-
    
$
9,455
  
Fair value adjustment included in earnings
    
527
      
-
      
527
  
Additional earn-out obligation
    
13,825
      
12,281
      
26,106
  
Balance as of June 30, 2015
  
$
23,807
    
$
12,281
    
$
36,008