XML 48 R36.htm IDEA: XBRL DOCUMENT v3.22.4
FAIR VALUE MEASUREMENTS (Tables)
12 Months Ended
Dec. 31, 2022
Fair Value Disclosures [Abstract]  
Schedule of Financial Instruments Measured at Fair Value on Recurring Basis The following table presents information about the fair value measurement of the Company’s financial instruments (in thousands):
  
As of December 31,
Financial Instruments Recorded at Fair Value on a Recurring Basis:Fair Value Measurement Level20222021
Assets:
Derivative assets—foreign currency contracts (1)
2$— $1,439 
Derivative assets—interest rate swap contract (2)
223,410 — 
Total assets$23,410 $1,439 
Liabilities:
Derivative liabilities—foreign currency contracts (3)
2$1,001 $— 
Contingent consideration—earn out (4)
322,747 25,300 
Total liabilities$23,748 $25,300 
(1)Included in prepaid expenses and other current assets in the consolidated balance sheets
(2)Included in prepaid expenses and other current assets and other non-current assets in the consolidated balance sheets
(3)Included in other current liabilities in the consolidated balance sheets
(4)Included in current and non-current contingent consideration in the consolidated balance sheets
Schedule of Fair Value Contingent Consideration
The following table presents the fair value of contingent consideration (in thousands):
Balance at December 31, 2021
$25,300 
Payments of contingent consideration(12,555)
Adjustments to fair value of contingent consideration10,002 
Balance at December 31, 2022
$22,747 
Schedule of Financial Instruments Recorded at Carrying Amount
The following financial instruments are recorded at their carrying amount (in thousands):
 
As of December 31, 2022
As of December 31, 2021
Financial Instruments Recorded at Carrying Amount:Carrying
Amount
Estimated
Fair Value
Carrying
Amount
Estimated
Fair Value
Liabilities:
Debt—Credit Facilities (1)
$476,070 $393,236 $388,195 $386,139 
Total liabilities$476,070 $393,236 $388,195 $386,139 
(1)Included in the current portion of notes payable and notes payable, net of current portion in the consolidated balance sheets. Due to the unobservable nature of the inputs these financial instruments are considered to be Level 3 instruments in the fair value hierarchy