Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurements (Tables)

v3.5.0.2
Fair Value Measurements (Tables)
 9 Months Ended
Sep. 30, 2016
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, 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 September 30, 2016
 
Fair Value December 31, 2015
Non-COLI assets held in Deferred Supplemental Compensation Plan
 
Other assets
 
Level 1
 
$
292

 
$
264

Interest rate swaps
 
Accrued expenses
 
Level 2
 
$
503

 
$
123

Earn-out obligation-current
 
Current portion of earn-out obligation
 
Level 3
 
$
—

 
$
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 obligation payments
 
(18,515
)
 
—

 
(18,515
)
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 September 30, 2016
 
$
—

 
$
—

 
$
—