Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurements (Tables)

v3.19.2
Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 2019
Fair Value Disclosures [Abstract]  
Schedule of fair value of assets and liabilities
The following tables disclose the assets and liabilities measured at fair value on a recurring basis as of June 30, 2019 and December 31, 2018, by the fair value hierarchy levels as described above:
 
Fair value at June 30, 2019
 
Total
 
Level 1
 
Level 2
 
Level 3
 
(in thousands)
Assets:
 
 
 
 
 
 
 
Interest rate swap agreements
$
246

 
$

 
$
246

 
$

Foreign exchange currency contracts
117

 
 
 
117

 
 
Total assets measured at fair value
$
363

 
$

 
$
363

 
$

Liabilities:
 
 
 
 
 
 
 
Interest rate swap agreements
$
2,469

 
$

 
$
2,469

 
$

 
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


Schedule of change in level 3 fair values
Changes in the fair value of Level 3 measurements were as follows for the six months ended June 30, 2019 and 2018:
 
Six Months Ended June 30,
 
2019
 
2018
 
(in thousands)
Balance at beginning of period
$
6,000

 
$
414

Settlements through cash payments
(5,963
)
 
(247
)
Net gain on change in fair value
(37
)
 
(115
)
Balance at end of period
$

 
$
52