FAIR VALUE MEASUREMENTS (Tables)

3 Months Ended

Mar. 31, 2021

Schedule of 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, 2021								Fair Value as of December 31, 2020
Liabilities:	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
Interest rate swap	$	—	$	7.6	$	—	$	7.6	$	—	$	9.0	$	—	$	9.0
Contingent consideration obligations (1)	—		—		13.4		13.4		—		—		14.5		14.5

(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. As of March 31, 2021, the maximum remaining amount of contingent consideration that could be earned through 2023 is $13.8 million (see Notes 4 and 11 to the Company’s 2020 Annual Report on Form 10-K for additional information on the Fully acquisition, the valuation of the related contingent consideration and the accounting treatment applied to any changes thereof).

Fair Value Measurements, Nonrecurring

The following table presents the impairment losses on assets that were measured at estimated fair value on a nonrecurring basis (in millions):


	Estimated Fair Value (Level 3) at measurement date		Impairment recognized during the period ended (1)
March 31, 2021
Operating lease right-of-use (“ROU”) assets	$	1.8	$	0.6
Leasehold Improvements	—		0.3

(1)See Note 10 for additional information on asset impairments.