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Fair Value Measurements (Tables)
9 Months Ended
Sep. 30, 2021
Fair Value Disclosures [Abstract]  
Summary of Financial Liabilities and Assets Measured at Fair Value on Recurring Basis

The table below summarizes our financial liabilities that were measured at fair value on a recurring basis at September 30, 2021:

 

 

 

 

 

 

 

Quoted

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Prices

 

 

 

 

 

 

 

 

 

 

 

(Liability) Asset

 

 

in Active

 

 

Significant

 

 

 

 

 

 

 

Carrying

 

 

Markets for

 

 

Other

 

 

Significant

 

 

 

Value at

 

 

Identical

 

 

Observable

 

 

Unobservable

 

 

 

September 30,

 

 

Instruments

 

 

Inputs

 

 

Inputs

 

 

 

2021

 

 

(Level 1)

 

 

(Level 2)

 

 

(Level 3)

 

Interest rate swaps

 

$

(1,410

)

 

$

 

 

$

(1,410

)

 

$

 

Foreign currency hedges

 

$

474

 

 

$

 

 

$

474

 

 

$

 

Contingent consideration

 

$

(1,350

)

 

$

 

 

$

 

 

$

(1,350

)

 

 

The table below summarizes the financial assets that were measured at fair value on a recurring basis as of December 31, 2020:

 

 

 

 

 

 

 

Quoted

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Prices

 

 

 

 

 

 

 

 

 

 

 

(Liability) Asset

 

 

in Active

 

 

Significant

 

 

 

 

 

 

 

Carrying

 

 

Markets for

 

 

Other

 

 

Significant

 

 

 

Value at

 

 

Identical

 

 

Observable

 

 

Unobservable

 

 

 

December 31,

 

 

Instruments

 

 

Inputs

 

 

Inputs

 

 

 

2020

 

 

(Level 1)

 

 

(Level 2)

 

 

(Level 3)

 

Interest rate swaps

 

$

(2,217

)

 

$

 

 

$

(2,217

)

 

$

 

Foreign currency hedges

 

$

1,125

 

 

$

 

 

$

1,125

 

 

$

 

Contingent consideration

 

$

(2,000

)

 

$

 

 

$

 

 

$

(2,000

)

 

Roll-forward of the Contingent Consideration

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

 

 

 

Contingent

 

 

 

Consideration

 

Balance at December 31, 2020

 

$

2,000

 

    Settled in cash

 

 

(500

)

    Reclassified to payable in accrued expenses and other liabilities

 

 

(150

)

Balance at September 30, 2021

 

$

1,350

 

    Less current portion in accrued expenses and other liabilities

 

 

(1,200

)

Total long-term portion in other long-term obligations

 

$

150