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Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2023
Fair Value Disclosures [Abstract]  
Summary of Financial Assets and Liabilities Measured at Fair Value on Recurring Basis

The table below summarizes our financial assets and liabilities that were measured at fair value on a recurring basis at March 31, 2023:

 

 

 

Asset (Liability) Carrying
Value at
March 31,
2023

 

 

Quoted Prices
in Active
Markets for
Identical
(Level 1)

 

 

Significant
Other
Observable
Inputs
(Level 2)

 

 

Significant
Unobservable
Inputs
(Level 3)

 

Interest rate swaps

 

$

2,278

 

 

$

 

 

$

2,278

 

 

$

 

Foreign currency hedges

 

$

1,952

 

 

$

 

 

$

1,952

 

 

$

 

Cross-currency swap

 

$

(649

)

 

$

 

 

$

(649

)

 

$

 

Qualified replacement plan assets

 

$

14,562

 

 

$

14,562

 

 

$

 

 

$

 

Contingent consideration

 

$

(3,564

)

 

$

 

 

$

 

 

$

(3,564

)

 

The table below summarizes the financial assets and liabilities that were measured at fair value on a recurring basis as of December 31, 2022:

 

 

 

Asset (Liability) Carrying
Value at
December 31,
2022

 

 

Quoted Prices
in Active
Markets for
Identical
(Level 1)

 

 

Significant
Other
Observable
Inputs
(Level 2)

 

 

Significant
Unobservable
Inputs
(Level 3)

 

Interest rate swaps

 

$

2,995

 

 

$

 

 

$

2,995

 

 

$

 

Foreign currency hedges

 

$

945

 

 

$

 

 

$

945

 

 

$

 

Cross-currency swap

 

$

(357

)

 

$

 

 

$

(357

)

 

$

 

Qualified replacement plan assets

 

$

15,249

 

 

$

15,249

 

 

$

 

 

$

 

Roll-forward of the Contingent Consideration

A roll-forward of the contingent consideration is as follows:

 

 

 

 

 

 

 

 

 

 

Contingent
Consideration

 

Balance at December 31, 2022

 

$

 

   Acquisition date fair value of contingent consideration

 

 

3,564

 

Balance at March 31, 2023

 

$

3,564