Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2021

Fair Value Disclosures [Abstract]

Summary of Fair Value Measured at Fair Value on Recurring Basis

The table below shows assets and liabilities measured at fair value on a recurring basis.

	As of June 30, 2021
(in thousands)	Total			Level 1		Level 2		Level 3
Financial Assets
Money Market Fund	$	10,089		$	10,089	$	—	$	—
Investments in Proprietary Funds		905			905		—		—
Deferred Compensation Plan Investments		28,661			28,661		—		—
Interest Rate Swap Asset		303			—		303		—
Total Financial Assets	$	39,958		$	39,655	$	303	$	—
Financial Liabilities
Interest Rate Swap Liability	$	—		$	—	$	—	$	—
Contingent Consideration Arrangements		(100,700	)		—		—		(100,700	)
Total Financial Liabilities	$	(100,700	)	$	—	$	—	$	(100,700	)

	As of December 31, 2020
(in thousands)	Total			Level 1		Level 2			Level 3
Financial Assets
Money Market Fund	$	10,088		$	10,088	$	—		$	—
Investments in Proprietary Funds		922			922		—			—
Deferred Compensation Plan Investments		22,571			22,571		—			—
Total Financial Assets	$	33,581		$	33,581	$	—		$	—
Financial Liabilities
Interest Rate Swap Liability	$	(10,006	)	$	—	$	(10,006	)	$	—
Contingent Consideration Arrangements		(92,500	)		—		—			(92,500	)
Total Financial Liabilities	$	(102,506	)	$	—	$	(10,006	)	$	(92,500	)

Summary of Change in Contingent Consideration Arrangement Liabilities

The following table presents the change in contingent consideration arrangement liabilities for the six months ended June 30, 2021.

(in thousands)	Contingent Consideration Liabilities
Balance, December 31, 2020	$	(92,500	)
USAA AMCO change in fair value measurement		(8,200	)
Balance, June 30, 2021	$	(100,700	)