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Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2022
Fair Value [Abstract]  
Assets and Liabilities Measured at Fair Value on Recurring Basis

The Company’s assets and liabilities measured at fair value on a recurring basis at March 31, 2022 and December 31, 2021, were as follows:

Fair Value Measurement at March 31, 2022 Using

    

    

Quoted Prices in

    

Significant

    

Active Markets

Other

Significant

for Identical

Observable

Unobservable

Assets

Inputs

Inputs

Total

(Level 1)

(Level 2)

(Level 3)

Interest rate swap derivative instruments – net liability position

$

(1,631)

$

$

(1,631)

$

Restricted cash

$

71,867

$

71,867

$

$

Restricted investments

$

58,533

$

$

58,533

$

Contingent consideration

$

(96,038)

$

$

$

(96,038)

Fair Value Measurement at December 31, 2021 Using

    

    

Quoted Prices in

    

Significant

    

Active Markets

Other

Significant

for Identical

Observable

Unobservable

Assets

Inputs

Inputs

Total

(Level 1)

(Level 2)

(Level 3)

Interest rate swap derivative instruments – net liability position

$

(51,081)

$

$

(51,081)

$

Restricted cash

$

72,174

$

72,174

$

$

Restricted investments

$

58,797

$

$

58,797

$

Contingent consideration

$

(94,308)

$

$

$

(94,308)

Fair Value for Level 3 Liabilities

The following table summarizes the changes in the fair value for Level 3 liabilities related to contingent consideration for the three months ended March 31, 2022 and 2021:

Three Months Ended March 31, 

    

2022

    

2021

    

Beginning balance

$

94,308

$

71,736

Contingent consideration recorded at acquisition date

 

5,000

 

Payment of contingent consideration recorded at acquisition date

 

(3,571)

 

(4,807)

Payment of contingent consideration recorded in earnings

 

 

(520)

Adjustments to contingent consideration

(52)

 

89

Interest accretion expense

 

353

 

495

Foreign currency translation adjustment

 

 

(15)

Ending balance

$

96,038

$

66,978