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Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2021

Schedule of Carrying and Estimated Fair Value of Other Financial Instruments

The table below presents the carrying amounts and estimated fair values of our financial instruments by hierarchy level as of March 31, 2021 and December 31, 2020:


	March 31, 2021
			Hierarchy Level (Fair Value)
	Carrying Amount		Level 1		Level 2		Level 3
Liabilities
Acquisition-related contingent consideration, including current portion (1)	$	19,795	$	—	$	—	$	19,795
2023 Convertible Notes (2)	288,840		—		463,237		—
Total	$	308,635	$	—	$	463,237	$	19,795


	December 31, 2020
			Hierarchy Level (Fair Value)
	Carrying Amount		Level 1		Level 2		Level 3
Liabilities
Acquisition-related contingent consideration, including current portion (1)	$	20,118	$	—	$	—	$	20,118
2023 Convertible Notes (2)	286,131		—		396,982		—
Total	$	306,249	$	—	$	396,982	$	20,118

(1)The short-term portion is included in “Accounts payable, accrued expenses and other” and the long-term portion is included in “Other liabilities” on the Condensed Consolidated Balance Sheets.

(2)The carrying values include unamortized deferred debt issue costs and debt discount.

Schedule of Acquisition-Related Contingent Consideration

The table below presents the change in our liability for acquisition-related contingent consideration for our Level 3 financial instruments:


	Contingent Consideration
Balance at December 31, 2020	$	20,118

Accretion expense (1)	1,289
Payments	(1,000)
Foreign currency translation adjustment (2)	(612)
Balance at March 31, 2021	$	19,795


	Contingent Consideration
Balance at December 31, 2019	$	14,826

Accretion expense (1)	506

Foreign currency translation adjustment (2)	(148)
Balance at March 31, 2020	$	15,184

(1)Accretion expense is included in SG&A expenses on the Condensed Consolidated Statements of Comprehensive Income.

(2)Foreign currency translation adjustments are included in "Other comprehensive loss, net of tax" on the Condensed Consolidated Statements of Comprehensive Income.