FAIR VALUE (Tables)

9 Months Ended

Sep. 30, 2022

Schedule of Fair Value Derivative Assets and Liabilities

The following is a summary of the Company’s fair value measurements for its net derivative assets (liabilities) as of September 30, 2022 and December 31, 2021 (in thousands):

As of September 30, 2022

	Fair Value Measurements Using
	Quoted Prices in		Significant
	Active Markets		Other		Significant
	for Identical		Observable		Unobservable
	Assets		Inputs		Inputs
	(Level 1)		(Level 2)		(Level 3)		At Fair Value
Cash flow hedges	$	—	$	(12,158)	$	—	$	(12,158)
Fair value hedges		—		(71)		—		(71)
Total net derivative asset (liability)	$	—	$	(12,229)	$	—	$	(12,229)

As of December 31, 2021

	Fair Value Measurements Using
	Quoted Prices in		Significant
	Active Markets		Other		Significant
	for Identical		Observable		Unobservable
	Assets		Inputs		Inputs
	(Level 1)		(Level 2)		(Level 3)		At Fair Value
Cash flow hedges	$	—	$	(62)	$	—	$	(62)
Fair value hedges		—		198		—		198
Total net derivative asset (liability)	$	—	$	136	$	—	$	136

Schedule of Fair Value Assets and Liabilities

The following is a summary of the Company’s fair value measurements as of September 30, 2022 and December 31, 2021 (in thousands):

As of September 30, 2022

	Fair Value Measurements Using
	Quoted Prices in				Significant
	Active Markets for		Significant Other		Unobservable
	Identical Assets		Observable Inputs		Inputs
	(Level 1)		(Level 2)		(Level 3)
Assets
Derivative instruments, net	$	—	$	—	$	—
Deferred compensation plan asset		23,483		—		—
Contingent consideration		—		—		5,923
Total assets	$	23,483	$	—	$	5,923
Liabilities
Derivative instruments, net	$	—	$	(12,229)	$	—
Contingent consideration		—		—		(6,439)
Total liabilities	$	—	$	(12,229)	$	(6,439)
Redeemable noncontrolling interest	$	—	$	—	$	(55,696)

As of December 31, 2021

	Fair Value Measurements Using
	Quoted Prices in				Significant
	Active Markets for		Significant Other		Unobservable
	Identical Assets		Observable Inputs		Inputs
	(Level 1)		(Level 2)		(Level 3)
Assets
Derivative instruments, net	$	—	$	136	$	—
Deferred compensation plan asset		28,572		—		—
Total assets	$	28,572	$	136	$	—
Liabilities
Derivative instruments, net	$	—	$	—	$	—
Contingent consideration		—		—		(9,600)
Total liabilities	$	—	$	—	$	(9,600)
Redeemable noncontrolling interest	$	—	$	—	$	(56,316)

Schedule of Business Acquisitions by Acquisition Contingent Consideration

A rollforward of the activity in the Company’s fair value of the contingent consideration payable is as follows (in thousands):

							Imputed
	December 31,						Interest /		September 30,
	2021		Acquisitions		Payments		Adjustments		2022
VF US	$	(7,414)	$	—	$	7,414	$	—	$	—
VF ASEAN		(2,186)		—		2,186		—		—
Faneuil		—		(8,816)		—		2,377		(6,439)
Total	$	(9,600)	$	(8,816)	$	9,600	$	2,377	$	(6,439)

Faneuil receivable [Member]

Schedule of Business Acquisitions by Acquisition Contingent Consideration

A rollforward of the activity in the Company’s fair value of the contingent consideration receivable is as follows (in thousands):

							Imputed
	December 31,						Interest /		September 30,
	2021		Acquisitions		Payments		Adjustments		2022
Faneuil	$	—	$	10,370	$	—	$	(4,447)	$	5,923
Total	$	—	$	10,370	$	—	$	(4,447)	$	5,923