Fair Value of Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2022

Fair Value Disclosures [Abstract]

Summary of Financial Liabilities Measured at Fair Value on Recurring Basis

As of December 31, the following financial liabilities are measured at fair value on a recurring basis using significant unobservable inputs (Level 3).

	2022		2021
Interest rate swap(1)	$	6,046	$	—
Total assets	$	6,046	$	—
Business acquisitions contingent consideration,    current	$	3,801	$	31,450
Business acquisitions contingent consideration,    long-term		4,454		4,350
Conversion option		25,731		23,081
Total liabilities	$	33,986	$	58,881

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(1) Included in other assets in the Consolidated Statement of Financial Position.

Summary of Financial Instruments Measured at Fair Value on Recurring Basis

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

	Level 3
	Interest Rate Swap		Total Assets		Business Acquisitions Contingent Consideration, Current			Business Acquisitions Contingent Consideration, Long-term			Conversion Option			Contingent Put Option			Warrant Options			Total Liabilities
Balance—at January 1, 2020	$	—	$	—	$	8,614		$	379		$	—		$	7,100		$	16,878		$	32,971
Acquisitions		—		—		34,661			10,543			—			—			—			45,204
Series A-2 compound embedded option		—		—		—			—			(9,361	)		—			—			(9,361	)
Issuance of warrant option		—		—		—			—			—			—			30,097			30,097
Changes in fair value included in earnings		—		—		19,119			(6,177	)		30,247			(19,240	)		9,312			33,261
Payment of contingent consideration    payable		—		—		(12,464	)		—			—			—			—			(12,464	)
Reclass of long term to short term    contingent liabilities		—		—		180			(180	)		—			—			—			—
Write off of the contingent put    option		—		—		—			—			—			12,140			—			12,140
Exercise of warrant options		—		—		—			—			—			—			(56,287	)		(56,287	)
Foreign currency translation of    contingent consideration payment		—		—		(208	)		—			—			—			—			(208	)
Balance—at December 31, 2020	$	—	$	—	$	49,902		$	4,565		$	20,886		$	—		$	—		$	75,353
Acquisitions		—		—		2,801			4,603			—			—			—			7,404
Series A-2 compound embedded option		—		—		—			—			2,195			—			—			2,195
Changes in fair value included in earnings		—		—		14,111			10,261			—			—			—			24,372
Payment of contingent consideration    payable		—		—		(50,443	)		—			—			—			—			(50,443	)
Reclass of long term to short term    contingent liabilities		—		—		15,079			(15,079	)		—			—			—			—
Balance—at December 31, 2021	$	—	$	—	$	31,450		$	4,350		$	23,081		$	—		$	—		$	58,881
Acquisitions		—		—		—			2,666			—			—			—			2,666
Changes in fair value included in earnings		6,046		6,046		500			(196	)		2,650			—			—			2,954
Payment of contingent consideration    payable		—		—		(30,515	)		—			—			—			—			(30,515	)
Reclass of long term to short term    contingent liabilities		—		—		2,366			(2,366	)		—			—			—			—
Balance—at December 31, 2022	$	6,046	$	6,046	$	3,801		$	4,454		$	25,731		$	—		$	—		$	33,986

Summary of Fair Value of Warrant Options Associated with Issuance of Redeemable Preferred Stock

The fair value of the warrant options associated with the issuance of the Redeemable Series A-1 Preferred Stock and the Convertible and Redeemable Series A-2 Preferred Stock was calculated based on the Black-Sholes pricing model using the following assumptions:

	July 30, 2020
Common stock value (per share)	$	22.22
Expected volatility		44.35	%
Risk-free interest rate		0.55	%
Expected life (years)		10