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FAIR VALUE MEASUREMENTS (Tables)

3 Months Ended

Mar. 31, 2022

Schedule of Fair Value of Contingent Consideration

The fair value of contingent consideration in connection with the Bridg acquisition is as follows (in thousands):


	March 31, 2022
	Level 1		Level 2		Level 3		Total
Liabilities:
Current contingent consideration	$	—	$	—	$	128,941	$	128,941
Long-term contingent consideration	—		—		38,304		38,304
Total liabilities	$	—	$	—	$	167,245	$	167,245

The following table shows a reconciliation of the beginning and ending fair value measurements of our contingent consideration, which we have valued using level 3 inputs:


	Three Months Ended March 31, 2022
Beginning balance	$	232,295

Unrealized loss (gain) due to change in fair value	(65,050)
Ending balance	$	167,245

Schedule of Assumptions used for Estimating Fair Value of Contingent Consideration

The following table summarizes key assumptions used for estimating the fair value of the contingent consideration:


	March 31, 2022
Revenue volatility	20.0	%
Revenue discount rate	6.8	%
Weighted average cost of capital	16.0	%
Common stock volatility	77.0	%
Portion to be paid in cash	60.0	%

- Definition

Tabular disclosure of financial instruments measured at fair value, including those classified in shareholders' equity measured on a recurring or nonrecurring basis. Disclosures include, but are not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. Nonrecurring fair value measurements are those that are required or permitted in the statement of financial position in particular circumstances.

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