Annual report pursuant to Section 13 and 15(d)

Fair Value Measurements (Tables)

v3.10.0.1
Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2018
Fair Value Disclosures [Abstract]  
Schedule of assets measured at fair value on a recurring basis
The following tables disclose the assets and liabilities measured at fair value on a recurring basis as of December 31, 2018 and 2017, by the fair value hierarchy levels as described above:
 
Fair Value at December 31, 2018
 
Total
 
Level 1
 
Level 2
 
Level 3
 
(in thousands)
Assets:
 
 
 
 
 
 
 
Interest rate swap agreements
$
923

 
$

 
$
923

 
$

 
 
 
 
 
 
 
 
Liabilities:
 
 
 
 
 
 
 
Interest rate swap agreements
413

 

 
413

 

Contingent consideration related to the acquisition of:
 
 
 
 
 
 
 
LeaseLabs
6,000

 

 

 
6,000

Total liabilities measured at fair value
$
6,413

 
$

 
$
413

 
$
6,000

 
Fair Value at December 31, 2017
 
Total
 
Level 1
 
Level 2
 
Level 3
 
(in thousands)
Assets:
 
 
 
 
 
 
 
Interest rate swap agreements
$
1,329

 
$

 
$
1,329

 
$

 
 
 
 
 
 
 
 
Liabilities:
 
 
 
 
 
 
 
Contingent consideration related to the acquisition of:
 
 
 
 
 
 
 
AssetEye
247

 

 

 
247

Axiometrics
167

 

 

 
167

Total liabilities measured at fair value
$
414

 
$

 
$

 
$
414

Schedule of liabilities measured on recurring basis
The following tables disclose the assets and liabilities measured at fair value on a recurring basis as of December 31, 2018 and 2017, by the fair value hierarchy levels as described above:
 
Fair Value at December 31, 2018
 
Total
 
Level 1
 
Level 2
 
Level 3
 
(in thousands)
Assets:
 
 
 
 
 
 
 
Interest rate swap agreements
$
923

 
$

 
$
923

 
$

 
 
 
 
 
 
 
 
Liabilities:
 
 
 
 
 
 
 
Interest rate swap agreements
413

 

 
413

 

Contingent consideration related to the acquisition of:
 
 
 
 
 
 
 
LeaseLabs
6,000

 

 

 
6,000

Total liabilities measured at fair value
$
6,413

 
$

 
$
413

 
$
6,000

 
Fair Value at December 31, 2017
 
Total
 
Level 1
 
Level 2
 
Level 3
 
(in thousands)
Assets:
 
 
 
 
 
 
 
Interest rate swap agreements
$
1,329

 
$

 
$
1,329

 
$

 
 
 
 
 
 
 
 
Liabilities:
 
 
 
 
 
 
 
Contingent consideration related to the acquisition of:
 
 
 
 
 
 
 
AssetEye
247

 

 

 
247

Axiometrics
167

 

 

 
167

Total liabilities measured at fair value
$
414

 
$

 
$

 
$
414

Changes in Level 3 fair value measurements
Changes in the fair value of Level 3 measurements for the reporting periods were as follows during the years ended December 31, 2018 and 2017, in thousands:
Balance at January 1, 2017
$
541

Initial contingent consideration
812

Net gain on change in fair value
(939
)
Balance at December 31, 2017
414

Initial contingent consideration
7,000

Settlements through cash payments
(247
)
Net gain on change in fair value
(1,167
)
Balance at December 31, 2018
$
6,000