Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurements (Tables)

v3.5.0.2
Fair Value Measurements (Tables)
 6 Months Ended
Jun. 30, 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 June 30, 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 June 30, 2016
    
Fair Value December 31, 2015
  
Non-COLI assets held in Deferred Supplemental Compensation Plan
    
Other assets
    
Level 1
  
$
281
    
$
264
  
Interest rate swaps
    
Accrued expenses
    
Level 2
  
$
1,053
    
$
123
  
Earn-out obligation-current
    
Current portion of earn-out obligation
    
Level 3
  
$
10,500
    
$
9,678
  
Earn-out obligation-long-term
    
Earn-out obligation
    
Level 3
    
-
    
$
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
  
Earn-out payments
    
(8,015
)
    
-
      
(8,015
)
Fair value adjustment included in net income
    
(1,608
)
    
279
      
(1,329
)
Reclassification from long-term to current
    
10,445
      
(10,445
)
    
-
  
Balance as of June 30, 2016
  
$
10,500
    
$
-
    
$
10,500