Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurement (Tables)

v3.20.2
Fair Value Measurement (Tables)
9 Months Ended
Sep. 30, 2020
Fair Value Disclosures [Abstract]  
Schedule of Fair Value of Liabilities Measured on a Recurring Basis
The following table presents the input level used to determine the fair values of the Company’s financial instruments measured at fair value on a recurring basis:
Fair Value as of
Level September 30, 2020 December 31, 2019
Assets:
Interest rate swap instruments 2 $ —  $ 15 
Commodity swap instruments 2 —  198 
Total assets $ —  $ 213 
Liabilities:
Interest rate swap instruments 2 $ 11,128  $ 6,236 
Commodity swap instruments 2 44  — 
Make-whole provisions 2 1,352  918 
Contingent consideration 3 678  678 
Total liabilities $ 13,202  $ 7,832 
Schedule of Changes in Fair Value of Contingent Liabilities Classified as Level 3
The following table sets forth a summary of changes in fair value of contingent liability classified as level 3 for the nine months ended September 30, 2020 and September 30, 2019:
Nine Months Ended September 30, 2020 Nine Months Ended September 30, 2019
Contingent consideration liability balance at December 31, 2019 and 2018
$ 678  $ 600 
Changes in the fair value of contingent consideration obligation —  50 
Contingent consideration liability balance at September 30, 2020 and 2019
$ 678  $ 650 
Schedule of Fair Value and Carrying Value for Company's Long-Term Debt
Based on the analysis performed, the fair value and the carrying value of the Company’s long-term debt, excluding financing leases, are as follows:
As of September 30, 2020 As of December 31, 2019
Fair Value Carrying Value Fair Value Carrying Value
Long-term debt (Level 2) $ 318,816  $ 313,550  $ 309,377  $ 307,508