XML 55 R39.htm IDEA: XBRL DOCUMENT v3.8.0.1
Fair Value Measurement (Tables)
12 Months Ended
Dec. 31, 2017
Fair Value Disclosures [Abstract]  
Schedule of financial assets and liabilities measured at fair value on a recurring basis and basis of measurement
The following table sets forth the Company's financial assets measured at fair value on a recurring basis and the basis of measurement at December 31, 2017 and 2016:
 
Fair Value at
December 31, 2017
 
Fair Value at
December 31, 2016
(millions)
Level 1
 
Level 2
 
Level 3
 
Level 1
 
Level 2
 
Level 3
Assets
 

 
 

 
 

 
 

 
 

 
 

Prepaid expenses and other
 

 
 

 
 

 
 

 
 

 
 

Contingent consideration receivable
$

 
$

 
$

 
$

 
$

 
$
0.5

Interest Rate Swaps

 

 

 

 
0.1

 

   Total
$

 
$

 
$

 
$

 
$
0.1

 
$
0.5

Schedule of reconciliation of the beginning and ending balances for liabilities measured at fair value using significant unobservable inputs (level 3)
The following table provides a reconciliation of the beginning and ending balances for the contingent consideration obligation measured at fair value using significant unobservable inputs (Level 3):
(millions)
Due to Seller
Balance as of December 31, 2014
$
(0.3
)
Increase related to new acquisitions

Payment of contingent consideration
0.1

Change in fair value
0.2

Balance as of December 31, 2015
$

Increase related to new acquisitions

Payment of contingent consideration

Change in fair value

Balance as of December 31, 2016
$

Increase related to new acquisitions

Payment of contingent consideration

Change in fair value

Balance as of December 31, 2017
$


Schedule of carrying and estimated fair values of the Company's financial instruments
The following table presents the carrying amounts and estimated fair values of financial instruments not measured at fair value in the Consolidated Balance Sheets at December 31, 2017 and 2016:
 
2017
 
2016
(millions)
Carrying
Amount
 
Fair
Value
 
Carrying
Amount
 
Fair
Value
Cash and cash equivalents
$
22.8

 
$
22.8

 
$
22.2

 
$
22.2

Long-term borrowings
 

 
 

 
 

 


Restated Credit Facility, net of original discount on borrowings and deferred financing costs
$
151.0

 
$
151.0

 
$
193.4

 
$
193.4

Other obligations
$
2.8

 
$
2.8

 
$
1.7

 
$
1.7