Fair Value of Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2023

Fair Value Disclosures [Abstract]

Summary of Financial Assets and Liabilities Measured at Fair Value on Recurring Basis using Significant Unobservable Inputs (Level 3)

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

	2023		2022
Interest rate swap(1)	$	3,461	$	6,046
Total assets	$	3,461	$	6,046
Business acquisitions contingent consideration,    current	$	3,592	$	3,801
Business acquisitions contingent consideration,    long-term		2,448		4,454
Conversion option		19,017		25,731
Total liabilities	$	25,057	$	33,986

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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			Total Liabilities
Balance—at January 1, 2021	$	—		$	—		$	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
Acquisitions		—			—			397			730			—			1,127
Changes in fair value included in earnings		(2,585	)		(2,585	)		(174	)		(22	)		(6,714	)		(6,910	)
Payment of contingent consideration    payable		—			—			(3,146	)		—			—			(3,146	)
Reclass of long term to short term    contingent liabilities		—			—			2,714			(2,714	)		—			—
Balance—at December 31, 2023	$	3,461		$	3,461		$	3,592		$	2,448		$	19,017		$	25,057