Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2022

The following table summarizes the financial assets and liabilities measured at fair value on a recurring basis as of June 30, 2022 and December 31, 2021 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, 2022		Fair Value December 31, 2021
Non-COLI assets held in Deferred Supplemental Compensation Plan	Other assets	Level 1	$	532	$	598
Interest rate swap agreements	Accrued expenses and other current liabilities	Level 2	$	—	$	234
Earn-out obligation - short-term	Accrued expenses and other current liabilities	Level 3	$	250	$	1,000
Earn-out obligation - long-term	Other long-term liabilities	Level 3	$	—	$	250

Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation

Changes in the earn-out obligation measured at fair value on a recurring basis using unobservable inputs (Level 3) for the six months ended June 30, 2022 are as follows (in thousands):


	Current portion		Long-term portion		Total
Balance as of December 31, 2021	$	1,000	$	250	$	1,250
Reclassification from long-term to current	250		(250)		—
Earn-out payments	(1,000)		—		(1,000)

Balance as of June 30, 2022	$	250	$	—	$	250