Annual report pursuant to Section 13 and 15(d)

Fair Value Measurements (Tables)

v3.3.1.900
Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 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 December 31, 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 December 31, 2015
   
Fair Value December 31, 2014
 
Non-COLI assets held in Deferred Supplemental Compensation Plan
 
Other assets
 
Level 1
 
$
264
   
$
253
 
Interest rate swaps
 
Accrued expenses
 
Level 2
 
$
123
     
-
 
Earn-out obligations - current
 
Current portion of earn-out obligations
 
Level 3
 
$
9,678
   
$
9,455
 
Earn-out obligations - long-term
 
Earn-out obligations
 
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 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
 
Earn-out payments
   
(14,982
)
   
-
     
(14,982
)
Fair value adjustment included in earnings
   
527
     
(101
)
   
426
 
Additional earn-out obligations
   
14,678
     
10,267
     
24,945
 
Balance as of December 31, 2015
 
$
9,678
   
$
10,166
   
$
19,844