Annual report pursuant to Section 13 and 15(d)

Fair Value of Financial Instruments (Tables)

v3.20.1
Fair Value of Financial Instruments (Tables)
12 Months Ended
Dec. 31, 2019
Fair Value Disclosures [Abstract]  
Fair Value, Liabilities Measured on Recurring Basis
Consolidated
Balance Sheet Caption
Fair Value at December 31, 2019
(in thousands) Level 1 Level 2 Level 3 Total
Liabilities:
Interest rate swap contract Other long-term liabilities $ —    $ 206    $ —    $ 206   
Contingent consideration Accrued expenses and other current liabilities —    —    1,568    1,568   
Total Liabilities $ —    $ 206    $ 1,568    $ 1,774   
Schedule of Interest Rate Derivatives
Details of the outstanding swap contract as of December 31, 2019, which is a pay fixed and receive floating contract, is as follows:
Swap Maturity Notional Value
(in thousands)
Pay Fixed Rate Receive Floating Rate Floating Rate
Reset Terms
October 1, 2025 $ 8,297    2.07750  % One-Month LIBOR Monthly
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation
A reconciliation of our liabilities that are measured and recorded at fair value on a recurring basis using significant unobservable inputs (Level 3) for the year ended December 31, 2019 is as follows:

(in thousands) Conscious Wholesale Contingent Consideration Convertible Notes
Balance at December 31, 2018 $ —    $ 40,200   
Convertible notes issued in January 2019 —    8,050   
Contingent consideration issued in September 2019 1,609    —   
Total (gains) losses in fair value included in results of operations (41)   12,063   
Conversion of convertible debt to Class A common stock —    $ (60,313)  
Balance at December 31, 2019 $ 1,568    $ —