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Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2020

Fair Value Disclosures [Abstract]

Schedule of Fair Value by Balance Sheet Grouping

The following table summarizes the Company’s assets and liabilities measured at fair value on a recurring basis within each level of the fair value hierarchy:

(in thousands)		June 30, 2020				December 31, 2019
Level 3
Contingently returnable consideration		$	387			$	70
Level 3 Assets		$	387			$	70
Contingent earnout liabilities		$	78,535			$	48,769
Level 3 Liabilities		$	78,535			$	48,769

Schedule of Changes in Liabilities Measured at Fair Value on a Recurring Basis

The following table sets forth a summary of the changes in the fair value of the Company’s contingently returnable consideration and contingent earnout liabilities, which are measured at fair value on a recurring basis utilizing Level 3 assumptions in their valuation:

		For the Three Months Ended June 30,												For the Six Months Ended June 30,
		2020								2019				2020								2019
(in thousands)		Contingently Returnable Consideration				Contingent Earnout Liabilities				Contingent Earnout Liabilities				Contingently Returnable Consideration				Contingent Earnout Liabilities				Contingent Earnout Liabilities
Balance at beginning of period		$	258			$	53,855			$	6,463			$	70			$	48,769			$	9,249
Fair value of contingent consideration issuances		—				21,951				25,619				—				25,188				25,619
Change in fair value of contingent consideration		129				4,710				(971		)		317				6,559				(3,757		)
Payment of contingent consideration		—				(1,981		)		—				—				(1,981		)		—
Balance at end of period		$	387			$	78,535			$	31,111			$	387			$	78,535			$	31,111

X

- Definition

Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=118260190&loc=d3e13467-108611

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-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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X

- References

No definition available.

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X

- 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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