Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurements (Tables)

v3.10.0.1
Fair Value Measurements (Tables)
9 Months Ended
Sep. 30, 2018
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 September 30, 2018 and December 31, 2017, by the fair value hierarchy levels as described above:
 
Fair value at September 30, 2018
 
Total
 
Level 1
 
Level 2
 
Level 3
 
(in thousands)
Assets:
 
 
 
 
 
 
 
Interest rate swap agreements
$
1,286

 
$

 
$
1,286

 
$

Liabilities:
 
 
 
 
 
 
 
Contingent consideration related to the acquisition of:
 
 
 
 
 
 
 
Axiometrics

 

 

 

LeaseLabs
7,000

 

 

 
7,000

Total liabilities measured at fair value
$
7,000

 
$

 
$

 
$
7,000

 
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 change in level 3 fair values
Changes in the fair value of Level 3 measurements were as follows for the nine months ended September 30, 2018 and 2017:
 
Nine Months Ended September 30,
 
2018
 
2017
 
(in thousands)
Balance at beginning of period
$
414

 
$
541

Initial contingent consideration fair value
7,000

 
812

Settlements through cash payments
(247
)
 

Net gain on change in fair value
(167
)
 
(755
)
Balance at end of period
$
7,000

 
$
598

Schedule of Fair Value of Convertible Debt
The fair value and carrying value of the Term Loans and Convertible Notes were as follows at September 30, 2018 and December 31, 2017:
 
September 30, 2018
 
December 31, 2017
 
Fair Value
 
Carrying Value
 
Fair Value
 
Carrying Value
 
(in thousands)
Term Loans
$
298,049

 
$
307,637

 
$
303,806

 
$
317,377

Convertible Notes
$
564,241

 
$
289,868

 
$
430,301

 
$
281,199