Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurements (Tables)

v3.20.2
Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 2020
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, 2020 and December 31, 2019, by the fair value hierarchy levels as described above:
Fair value at June 30, 2020
Total Level 1 Level 2 Level 3
(in thousands)
Assets:
Foreign currency forward contracts $ 266    $ —    $ 266    $ —   
Total assets measured at fair value $ 266    $ —    $ 266    $ —   
Liabilities:
Interest rate swap agreements $ 7,055    $ —    $ 7,055    $ —   
Foreign currency forward contracts(1)
159    —    159    —   
Contingent consideration related to the acquisition of:
Hipercept 5,584    —    —    5,584   
Total liabilities measured at fair value $ 12,798    $ —    $ 7,214    $ 5,584   
(1) The fair value of foreign currency forward contracts includes those designated as cash flow hedge instruments and those designated as balance sheet hedge instruments.
Fair value at December 31, 2019
Total Level 1 Level 2 Level 3
(in thousands)
Assets:
Foreign currency forward contracts(1)
$ 237    $ —    $ 237    $ —   
Liabilities:
Interest rate swap agreements $ 2,193    $ —    $ 2,193    $ —   
Foreign currency forward contracts 14    —    14    —   
Contingent consideration related to the acquisition of:
Hipercept 6,536    —    —    6,536   
Total liabilities measured at fair value $ 8,743    $ —    $ 2,207    $ 6,536   
(1) The fair value of foreign currency forward contracts includes those designated as cash flow hedge instruments and those designated as balance sheet hedge instruments.
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, 2020 and 2019:
Six Months Ended June 30,
2020 2019
(in thousands)
Balance at beginning of period $ 6,536    $ 6,000   
Settlements through cash payments —    (5,963)  
Net change in fair value (952)   (37)  
Balance at end of period $ 5,584    $ —