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Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2019
Fair Value Disclosures [Abstract]  
Schedule of Liabilities Measured on a Recurring Basis

The following tables summarize the Company’s liabilities that are measured at fair value on a recurring basis (in thousands):

 

            Fair Value Measurement at Reporting Date Using  
     December 31,
2019
     Quoted Prices in
Active Markets for
Identical Assets
(Level 1)
     Significant Other
Observable Inputs
(Level 2)
     Significant
Unobservable
Inputs (Level 3)
 

Liabilities:

           

Contingent consideration

   $ 17,327      $ —        $ —        $ 17,327  

 

            Fair Value Measurement at Reporting Date Using  
     December 31,
2018
     Quoted Prices in
Active Markets for
Identical Assets
(Level 1)
     Significant Other
Observable Inputs
(Level 2)
     Significant
Unobservable
Inputs (Level 3)
 

Liabilities:

           

Contingent consideration

   $ 6,782      $ —        $ —        $ 6,782  
Schedule of Changes in Level 3 Instruments

The following table provides a roll-forward of the fair value of recurring Level 3 fair value measurements for the years ended December 31, 2019, 2018 and 2017 (in thousands):

 

     2019     2018     2017  

Liabilities:

      

Contingent consideration:

      

Beginning of year balance

   $ 6,782     $ 785     $ 190  

Issuance of contingent consideration in connection with acquisitions

     7,216       5,350       595  

Payment of contingent consideration

     (1,658     (387     —    

Additional accruals included in earnings

     4,987       1,034       —    
  

 

 

   

 

 

   

 

 

 

Ending balance

   $ 17,327     $ 6,782     $ 785