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Fair Value of Financial Instruments (Tables)
9 Months Ended
Sep. 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):

 

 

September 30,

 

 

December 31,

 

 

 

2022

 

 

2021

 

Interest rate swap

 

$

6,313

 

 

$

 

   Total assets

 

$

6,313

 

 

$

 

 

 

 

 

 

 

 

Business acquisitions contingent consideration,
   current

 

$

3,967

 

 

$

31,450

 

Business acquisitions contingent consideration,
   long-term

 

 

2,810

 

 

 

4,350

 

Conversion option

 

 

24,730

 

 

 

23,081

 

   Total liabilities

 

$

31,507

 

 

$

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

 

 

 

 

 

 

 

1,000

 

 

 

6,004

 

 

 

 

 

 

7,004

 

   Changes in fair value included in earnings

 

 

 

 

 

 

 

13,774

 

 

 

10,261

 

 

 

1,651

 

 

 

25,686

 

    Payment of contingent consideration
       payable

 

 

 

 

 

 

 

(50,154

)

 

 

 

 

 

 

 

 

(50,154

)

   Reclass of long term to short term
      contingent liabilities

 

 

 

 

 

 

 

16,630

 

 

 

(16,630

)

 

 

 

 

 

 

Balance—at September 30, 2021

$

 

 

$

 

 

$

31,152

 

 

$

4,200

 

 

$

22,537

 

 

$

57,889

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

6,313

 

 

 

6,313

 

 

 

330

 

 

 

(390

)

 

 

1,649

 

 

 

1,589

 

    Payment of contingent consideration
       payable

 

 

 

 

 

 

 

(30,179

)

 

 

 

 

 

 

 

 

(30,179

)

   Reclass of long term to short term
      contingent liabilities

 

 

 

 

 

 

 

2,366

 

 

 

(2,366

)

 

 

 

 

 

 

Balance—at September 30, 2022

$

6,313

 

 

$

6,313

 

 

$

3,967

 

 

$

2,810

 

 

$

24,730

 

 

$

31,507