Commitments And Contingencies (Tables)

9 Months Ended

Sep. 30, 2020

Commitments and Contingencies Disclosure [Abstract]

Reconciliation Of Contingent Consideration Liability

The following table provides a reconciliation of the Company’s contingent consideration liability for the nine months ended September 30, 2020:

(In thousands)
Balance at beginning of period	$	4,396
Acquisitions	2,796
Payments	(9)
Accretion (a)	591
Fair value adjustments (a) (b)	(1,885)
Net foreign currency translation adjustment	269
Balance at end of the period (c)	6,158
Less current portion in accrued expenses and other current liabilities	(4,163)
Total long-term portion in other long-term liabilities	$	1,995

(a) Recorded in selling, general and administrative expenses in the Condensed Consolidated Statements of Income.

(b) Includes adjustments to assumptions on weighted average cost of capital and relevant sales projections.

(c) Amount represents the fair value of estimated remaining payments. The total estimated remaining undiscounted payments as of September 30, 2020 were $7.3 million. The liability for contingent consideration expires at various dates through September 2029. Certain of the contingent consideration arrangements are subject to a maximum payment amount, while the remaining arrangements have no maximum contingent consideration.