Fair Value of Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2023

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,
	2023		2022
Interest rate swap(1)	$	6,329	$	6,046
Total assets	$	6,329	$	6,046
Business acquisitions contingent consideration,    current	$	3,239	$	3,801
Business acquisitions contingent consideration,    long-term		3,130		4,454
Conversion option		27,828		25,731
Total liabilities	$	34,197	$	33,986

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(1) Included in other assets in the unaudited condensed consolidated statement of financial position.

The estimated fair value amounts shown above are not necessarily indicative of the amounts that the Company would realize upon disposition, nor do they indicate the Company’s intent or ability to dispose of the financial instrument.

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, 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
Balance—at January 1, 2023	$	6,046	$	6,046	$	3,801		$	4,454		$	25,731	$	33,986
Acquisitions		—		—		397			730			—		1,127
Changes in fair value included in earnings		283		283		(73	)		206			2,097		2,230
Payment of contingent consideration        payable		—		—		(3,146	)		—			—		(3,146	)
Reclass of long term to short term       contingent liabilities		—		—		2,260			(2,260	)		—		—
Balance—at September 30, 2023	$	6,329	$	6,329	$	3,239		$	3,130		$	27,828	$	34,197