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Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2019
Fair Value Disclosures [Abstract]  
Summary of Financial Assets and (Liabilities) at Fair Value Measured on Recurring Basis
The following table summarizes the basis used to measure financial assets and (liabilities) at fair value on a recurring basis:
 
   
Fair Value as of December 31, 2019
 
(Amounts in thousands)
  
Level 1
   
Level 2
   
Level 3
   
Total
 
Interest-Rate Swap Contracts
  $—     $(43  $—     $(43
Contingent consideration liabilities
  $—     $—     $—     $—   
  
 
 
   
 
 
   
 
 
   
 
 
 
   
Fair Value as of December 31, 2018
 
(Amounts in thousands)
  
Level 1
   
Level 2
   
Level 3
   
Total
 
Interest-Rate Swap Contracts
  $—     $106   $—     $106 
Contingent consideration liabilities
  $—     $—     $(6,069  $(6,069
  
 
 
   
 
 
   
 
 
   
 
 
 
Summary of Financial Assets (Liabilities) at Fair Value Measured on Non-recurring Basis
At December 31, 2019 and December 31, 2018, the Company carried the following financial assets (liabilities) at fair value measured on a
non-recurring
basis (in thousands):
 
   
Fair Value as of December 31, 2018
 
(Amounts in thousands)
  
Level 1
   
Level 2
   
Level 3
   
Total
 
Goodwill
  $—     $—     $26,106   $26,106 
  
 
 
   
 
 
   
 
 
   
 
 
 
Schedule of Changes in Level 3 Fair Values for Contingent Consideration Liability
The following table provides information regarding changes in the Company’s Level 3 fair values for the contingent consideration liability for the three years ended December 31, 2019:
 
   
Years Ended December 31,
 
   
2019
   
2018
   
2017
 
   
(Amounts in thousands)
 
Beginning balance
  $6,069   $17,125   $—   
Contingent consideration incurred
   —      —      17,125 
Payments made
   —      —      —   
Revaluation
   (6,069   (11,056   —   
  
 
 
   
 
 
   
 
 
 
Ending balance
  $—     $6,069   $17,125