FAIR VALUE OF FINANCIAL INSTRUMENTS - USD ($)
$ in Thousands

9 Months Ended

Sep. 30, 2019

Dec. 31, 2018

Sep. 30, 2018

Dec. 31, 2017

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

FAIR VALUE OF FINANCIAL INSTRUMENTS

NOTE 6.             FAIR VALUE OF FINANCIAL INSTRUMENTS

The Company's financial instruments consist of cash and cash equivalents, trade receivables, notes receivable, accounts payable and other short-term liabilities. The carrying amounts of these financial instruments approximate their respective fair values.

At September 30, the Company had $21.0 million of earnout liability with the former owners of acquired companies. The earnouts were discounted on the Company's books at $21.0 million and are considered level 3 liabilities. The table below presents a summary of the changes in fair value for level 3 assets and liabilities.

	Recurring Fair Value Measurements
	Quoted Prices in Active
	Markets for Identical				Significant Other				Significant Unobservable
	Assets and Liabilities				Observable Inputs				Inputs
	at September 30,				at September 30,				at September 30,				Total Fair Value
	(Level 1)				(Level 2)				(Level 3)				at September 30,
	2019		2018		2019		2018		2019		2018		2019		2018
Liabilities
Acquisition earnouts	$	—	$	—	$	—	$	—	$	21,030	$	15,640	$	21,030	$	15,640

The table below shows the rollforward activity for the level 3 liabilities in the summary table above.

	Nine Months Ended
	September 30, 2019
(in thousands)	2019			2018
Acquisition earnouts:
Beginning balance	$	14,339		$	17,959
New acquisition earnouts		12,700			3,025
Adjustments and Accrued Interest		2,121			685
Earnout payments		(8,130	)		(6,029	)
Ending balance	$	21,030		$	15,640

Fair Value, Recurring [Member] | Liability [Member]

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Acquisition earnouts

$ 21,030

$ 15,640

Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Liability [Member]

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Acquisition earnouts

Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Liability [Member]

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Acquisition earnouts

Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Liability [Member]

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Acquisition earnouts

$ 21,030

$ 14,339

$ 15,640

$ 17,959