Earnout Interests Liability (Tables)

12 Months Ended

Dec. 31, 2021

Earnout Interests Liability [Abstract]

Fair Value Measurement Inputs and Valuation Techniques

The following table provides quantitative information regarding Level 3 fair value measurement inputs at their measurement dates:

	March 26, 2021		December 31, 2020		December 29, 2020
Exercise price	$	11.50	$	11.50	$	11.50
Stock price	$	15.96	$	22.76	$	21.65
Volatility	42.6%		41.4%		41.4%
Term (years)	4.77		5.00		5.00
Risk-free interest rate	0.76%		0.37%		0.36%

The range and weighted-average of the significant inputs used to fair value Level 3 recurring liabilities during the year ended December 31, 2020, along with the valuation techniques used, are shown in the following table:

	Fair Value (in thousands)		Valuation Technique	Observable (O) or Unobservable (U) Input	Range (Weighted-Average)
Earnout interests liability	$	351,048	Option pricing model	Share price (O)	$21.51 - $21.65
				Volatility (U)	54.6%
				Term (U)	2.99 years
				Risk-free rate (O)	0.17%

Schedule Of Earnout Interests Liability, Activity

Earnout Interests Liability
	Total
December 29, 2020	$	348,710
Change in fair value of earnout interests liability	2,338
December 31, 2020	$	351,048
Change in fair value of earnout interests liability	13,740
Settlement of earnout interests liability	(364,788)
December 31, 2021	$	—