Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurements (Tables)

v3.4.0.3
Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2016
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 March 31, 2016 and December 31, 2015 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, 2016
 
Fair Value December 31, 2015
Non-COLI assets held in Deferred Supplemental Compensation Plan
 
Other assets
 
Level 1
 
$273
 
$264
Interest rate swaps
 
Accrued expenses
 
Level 2
 
$892
 
$123
Earn-out obligation-current
 
Current portion of earn-out obligation
 
Level 3
 
$8,015
 
$9,678
Earn-out obligation-long-term
 
Earn-out obligation
 
Level 3
 
$10,445
 
$10,166
Fair Value Reconciliation, Unobservable Inputs
The following table provides a reconciliation of the beginning and ending balance of the earn-out obligation 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, 2015
 
$
9,678
   
$
10,166
   
$
19,844
 
Fair value adjustment included in earnings
   
(1,663
)
   
279
     
(1,384
)
Balance as of March 31, 2016
 
$
8,015
   
$
10,445
   
$
18,460