Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2018

Fair Value Measurements

Summary of fair values and levels within the fair value hierarchy in which the fair value measurements fall for assets and liabilities measured on a recurring basis

The following table summarizes the fair values, and levels within the fair value hierarchy in which the fair value measurements fall, for assets and liabilities measured on a recurring basis as of September 30, 2018 and December 31, 2017 (in thousands):

	Fair Value Measurements at September 30, 2018
	Level 1		Level 2		Level 3		Total
Cash and cash equivalents	$	19,248	$	—	$	—	$	19,248
Life insurance—cash surrender value	$	—	$	3,354	$	—	$	3,354
Contingent earn-out obligations	$	—	$	—	$	8,066	$	8,066
	Fair Value Measurements at December 31, 2017
	Level 1		Level 2		Level 3		Total
Cash and cash equivalents	$	36,542	$	—	$	—	$	36,542
Life insurance—cash surrender value	$	—	$	3,128	$	—	$	3,128
Contingent earn-out obligations	$	—	$	—	$	7,993	$	7,993

Schedule of reconciliation of the fair value of contingent earn-out obligations that use significant unobservable inputs (Level 3)

The table below presents a reconciliation of the fair value of our contingent earn-out obligations that use significant unobservable inputs (Level 3) (in thousands).

Balance at beginning of year	$	7,993
Issuances		4,366
Settlements		(3,800)
Adjustments to fair value		(493)
Balance at September 30, 2018	$	8,066