Financial Instruments and Contingent Consideration (Tables)

9 Months Ended

Sep. 30, 2023

Fair Value Disclosures [Abstract]

Estimated Fair Value of Financial Instruments

The estimated fair values of our financial instruments and contingent consideration are as follows:

	September 30, 2023						December 31, 2022
	Carrying amount			Estimated fair value			Carrying amount			Estimated fair value
Assets (liabilities), net:
Total long-term debt, including current portion	$	(621.7	)	$	(616.2	)	$	(651.1	)	$	(645.3	)
Interest rate swap contracts		6.2			6.2			11.4			11.4
Acquisition-related contingent consideration		(0.8	)		(0.8	)		(15.2	)		(15.2	)

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis

The fair value measurement of assets and liabilities measured at fair value on a recurring basis and reported on the Condensed Consolidated Balance Sheets is summarized below:

	September 30, 2023					December 31, 2022
	Fair value based on					Fair value based on
	Other observable inputs		Other unobservable inputs			Other observable inputs
	Level 2		Level 3			Level 2
Assets (liabilities), net:
Interest rate swap contracts	$	6.2	$	-		$	11.4
Acquisition-related contingent consideration		-		(0.8	)		-

Schedule of Weighted-average Of Significant Unobservable Inputs

The following table summarizes the weighted average of the significant unobservable inputs used to measure BOK’s acquisition-related contingent consideration as of September 30, 2023:

Unobservable input
Volatility	24.6	%
Discount rates	5.0	%

Schedule of Changes in Fair Value of the Acquisition-related Contingent Consideration Liability

The changes in fair value of the acquisition-related contingent consideration liability for the three and nine months ended September 30, 2023 and 2022 were as follows:

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2023		2022		2023			2022
Fair value of contingent consideration as of beginning of period	$	-	$	10.4	$	15.2		$	12.8
Cash consideration paid		-		-		(15.2	)		(8.6	)
Acquisition date fair value of contingent consideration		0.8		-		0.8			-
Loss related to change in fair value of contingent      consideration		-		7.1		-			13.3
Fair value of contingent consideration as of end of period	$	0.8	$	17.5	$	0.8		$	17.5