XML 48 R38.htm IDEA: XBRL DOCUMENT v3.22.2
Fair Value of Financial Instruments (Tables)
6 Months Ended
Jun. 30, 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):

 

 

June 30,

 

 

December 31,

 

 

 

2022

 

 

2021

 

Interest rate swap

 

$

3,982

 

 

$

 

   Total assets

 

$

3,982

 

 

$

 

 

 

 

 

 

 

 

Business acquisitions contingent consideration,
   current

 

$

2,814

 

 

$

31,450

 

Business acquisitions contingent consideration,
   long-term

 

 

3,560

 

 

 

4,350

 

Conversion option

 

 

24,207

 

 

 

23,081

 

   Total liabilities

 

$

30,581

 

 

$

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

 

 

 

 

 

 

 

 

 

 

2,804

 

 

 

 

 

 

2,804

 

   Changes in fair value included in earnings

 

 

 

 

 

 

 

13,774

 

 

 

10,261

 

 

 

1,120

 

 

 

25,155

 

    Payment of contingent consideration
       payable

 

 

 

 

 

 

 

(50,154

)

 

 

 

 

 

 

 

 

(50,154

)

   Reclass of long term to short term
      contingent liabilities

 

 

 

 

 

 

 

16,630

 

 

 

(16,630

)

 

 

 

 

 

 

Balance—at June 30, 2021

$

 

 

$

 

 

$

30,152

 

 

$

1,000

 

 

$

22,006

 

 

$

53,158

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

3,982

 

 

 

3,982

 

 

 

(73

)

 

 

(390

)

 

 

1,126

 

 

 

663

 

    Payment of contingent consideration
       payable

 

 

 

 

 

 

 

(30,179

)

 

 

 

 

 

 

 

 

(30,179

)

   Reclass of long term to short term
      contingent liabilities

 

 

 

 

 

 

 

1,616

 

 

 

(1,616

)

 

 

 

 

 

 

Balance—at June 30, 2022

$

3,982

 

 

$

3,982

 

 

$

2,814

 

 

$

3,560

 

 

$

24,207

 

 

$

30,581