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Fair Value of Financial Instruments (Tables)
3 Months Ended
Mar. 31, 2022
Fair Value Disclosures [Abstract]  
Summary of Financial Instruments Measured at Fair Value on Recurring Basis

The following financial instruments are measured at fair value on a recurring basis using significant unobservable inputs (Level 3):

 

 

March 31,

 

 

December 31,

 

 

 

2022

 

 

2021

 

Interest rate swap

 

$

3,005

 

 

$

 

   Total assets

 

$

3,005

 

 

$

 

 

 

 

 

 

 

 

Business acquisitions contingent consideration,
   current

 

$

1,429

 

 

$

31,450

 

Business acquisitions contingent consideration,
   long-term

 

 

5,566

 

 

 

4,350

 

Conversion option

 

 

23,637

 

 

 

23,081

 

   Total liabilities

 

$

30,632

 

 

$

58,881

 

The following table sets forth the Company’s financial instruments that were measured at fair value on a recurring basis:

 

 

Interest
Rate
Swap

 

 

Total
Assets

 

 

Business
Acquisitions
Contingent
Consideration,
Current

 

 

Business
 Acquisitions
 Contingent
 Consideration,
 Long-term

 

 

Conversion
Option

 

 

Total
Liabilities

 

Balance—at January 1, 2021

$

 

 

$

 

 

$

49,902

 

 

$

4,565

 

 

$

20,886

 

 

$

75,353

 

   Acquisitions

 

 

 

 

 

 

 

 

 

 

1,804

 

 

 

 

 

 

1,804

 

   Changes in fair value included in earnings

 

 

 

 

 

 

 

462

 

 

 

10,602

 

 

 

602

 

 

 

11,666

 

Balance—at March 31, 2021

$

 

 

$

 

 

$

50,364

 

 

$

16,971

 

 

$

21,488

 

 

$

88,823

 

 

 

 

 

.

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance—at January 1, 2022

$

 

 

$

 

 

$

31,450

 

 

$

4,350

 

 

$

23,081

 

 

$

58,881

 

   Acquisitions

 

 

 

 

 

 

 

 

 

 

1,216

 

 

 

 

 

 

1,216

 

   Changes in fair value included in earnings

 

3,005

 

 

 

3,005

 

 

 

(21

)

 

 

 

 

 

556

 

 

 

535

 

    Payment of contingent consideration
       payable

 

 

 

 

 

 

 

(30,000

)

 

 

 

 

 

 

 

 

(30,000

)

Balance—at March 31, 2022

$

3,005

 

 

$

3,005

 

 

$

1,429

 

 

$

5,566

 

 

$

23,637

 

 

$

30,632