XML 48 R25.htm IDEA: XBRL DOCUMENT v3.20.1
FAIR VALUE MEASUREMENTS (Tables)
3 Months Ended
Mar. 31, 2020
Fair Value Disclosures [Abstract]  
Schedule of Assets and Liabilities Measured at Fair Value on a Recurring Basis The following table summarizes the valuation of those liabilities as of the dates presented (in millions):
Fair Value as of March 31, 2020Fair Value as of December 31, 2019
Liabilities:Level 1Level 2 Level 3TotalLevel 1Level 2 Level 3Total
Interest rate swap
$—  $12.8  $—  $12.8  $—  $6.6  $—  $6.6  
Contingent consideration obligations (1)
—  —  2.0  2.0  —  —  2.0  2.0  
(1) In connection with the Company’s acquisition of FHI LLC (“Fully”) in August 2019, the Company is contingently liable to make additional payments in the form of consideration based upon the achievement of certain performance targets. The maximum amount of contingent consideration that could be earned through 2023 as of March 31, 2020 is $15.0 million (see Note 4 to the Company’s 2019 Annual Report on Form 10-K for additional information on the Fully acquisition). As of March 31, 2020 and December 31, 2019, the fair value of the contingent consideration obligations was reflected as a component of Other non-current liabilities in the condensed consolidated balance sheets.