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Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2022
Fair Value Disclosures [Abstract]  
Schedule of Fair Value, Assets Measured on Recurring Basis
The following tables summarize the Company’s assets that are measured at fair value on a recurring basis (in thousands):
Fair Value Measurement at Reporting Date Using
December 31, 2022Quoted Prices in Active Markets for Identical Assets
(Level 1)
Significant Other Observable Inputs (Level 2)Significant Unobservable Inputs (Level 3)
Assets:
Investment in convertible notes$32,065 $— $— $32,065 
   Interest rate caplets19,919 — 19,919 — 
Total$51,984 $— $19,919 $32,065 
Fair Value Measurement at Reporting Date Using
December 31, 2021Quoted Prices in Active Markets for Identical Assets
 (Level 1)
Significant Other Observable Inputs (Level 2)Significant Unobservable Inputs (Level 3)
Assets:
Investment in convertible notes$32,065 $— $— $32,065 
Schedule of Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation
The following table provides a roll-forward of the fair value of recurring Level 3 fair value measurements for assets for the year ended December 31 (in thousands):
20222021
Assets:
Beginning of year balance$32,065 $31,266 
Accrued interest— 928 
Fair value adjustments— (129)
Ending balance$32,065 $32,065 
Schedule of Liabilities Measured on a Recurring Basis
The following tables summarizes the Company’s liabilities that are measured at fair value on a recurring basis (in thousands):
Fair Value Measurement at Reporting Date Using
December 31, 2022Quoted Prices in Active Markets for Identical Assets
 (Level 1)
Significant Other Observable Inputs (Level 2)Significant Unobservable Inputs (Level 3)
Liabilities:
Contingent consideration$9,543 $— $— $9,543 
Contingent earnout shares23,288 — 23,288 — 
Warrants13 — 13 — 
Total$32,844 $— $23,301 $9,543 
Fair Value Measurement at Reporting Date Using
December 31, 2021Quoted Prices in Active Markets for Identical Assets
 (Level 1)
Significant Other Observable Inputs (Level 2)Significant Unobservable Inputs (Level 3)
Liabilities:
Contingent consideration$19,434 $— $— $19,434 
Contingent earnout shares42,831 — 42,831 — 
Warrants13 — 13 — 
Total$62,278 $— $42,844 $19,434 
Schedule of Changes in Level 3 Instruments
The following table provides a roll-forward of the fair value of recurring Level 3 fair value measurements for liabilities for the years ended December 31 (in thousands):
202220212020
Liabilities:
Beginning of year balance$19,434 $17,260 $17,327 
Issuance of contingent consideration in connection with acquisitions2,442 105 3,245 
Payment of contingent consideration(10,788)(4,358)(4,420)
Fair value adjustments(1,545)6,427 1,108 
Ending balance$9,543 $19,434 $17,260