Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2016

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