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Fair Value of Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2020

Fair Value Disclosures [Abstract]

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis

The following tables provide the financial assets and financial liabilities carried at fair value measured on a recurring basis:

September 30, 2020			Level 1						Level 2						Level 3						Total
Assets:
Money market funds (1)			$	30,794					$	—					$	—					$	30,794
Total assets			$	30,794					$	—					$	—					$	30,794
Liabilities:
Acquisition contingent consideration (2)			$	—					$	—					$	5,143					$	5,143
Interest rate swap (3)			—						3,365						—						3,365
Deferred compensation plan (4)			2,300						—						—						2,300
Cash-settled equity awards (5)			743						—						—						743
Total liabilities			$	3,043					$	3,365					$	5,143					$	11,551

December 31, 2019			Level 1						Level 2						Level 3						Total
Assets:
Money market funds (1)			$	70,000					$	—					$	—					$	70,000
Total assets			$	70,000					$	—					$	—					$	70,000
Liabilities:
Acquisition contingent consideration (2)			$	—					$	—					$	6,599					$	6,599
Deferred compensation plan (4)			2,544						—						—						2,544
Total liabilities			$	2,544					$	—					$	6,599					$	9,143

(1)Included in Cash and cash equivalents in the accompanying consolidated balance sheets.

(2)Included in Other liabilities, except for current liabilities of $3,583 and $5,100 as of September 30, 2020 and December 31, 2019, respectively, which are included in Accruals and other current liabilities in the accompanying consolidated balance sheets. Acquisition contingent consideration liability is measured at fair value and is based on significant inputs not observable in the market, which represents a Level 3 measurement within the fair value hierarchy. The valuation of contingent consideration uses assumptions the Company believes would be made by a market participant.

(3)Included in Other liabilities in the accompanying consolidated balance sheet.

(4)Included in Other liabilities, except for current liabilities of $149 and $153 as of September 30, 2020 and December 31, 2019, respectively, which are included in Accruals and other current liabilities in the accompanying consolidated balance sheets.

(5)Included in Accruals and other current liabilities in the accompanying consolidated balance sheet.

Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation

The following table is a reconciliation of the changes in fair value of the Company’s financial liabilities which have been classified as Level 3 in the fair value hierarchy for the nine months ended September 30, 2020 and the year ended December 31, 2019.

			Nine Months Ended						Year Ended
			September 30, 2020						December 31, 2019
Balance, beginning of year			$	6,599					$	4,316
Payments			(2,034)						(2,513)
Addition			1,902						4,498
Reclassification			—						180
Change in fair value			(1,340)						62
Foreign currency translation adjustments			16						56
Balance, end of period			$	5,143					$	6,599

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- References

No definition available.

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- Definition

Tabular disclosure of the fair value measurement of liabilities using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and gains or losses recognized in other comprehensive income (loss) and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs) by class of liability.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19279-110258

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- Definition

Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258

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