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Fair Value Measurements
12 Months Ended
Dec. 31, 2022
Fair Value Disclosures [Abstract]  
Fair Value Measurements
Recurring Fair Value Measurements — The carrying amounts of cash and cash equivalents, accounts receivable, accounts payable and accrued payroll and contract professional pay approximate their fair value based on their short-term nature. The carrying amount of long-term debt recorded in the Company’s accompanying consolidated balance sheet at December 31, 2022 was $1.1 billion (see Note 9. Long-Term Debt) and its fair value was $1.0 billion on December 31, 2022, which was determined using quoted prices in active markets for identical liabilities (Level 1 inputs).

Certain acquisitions contained provisions requiring the Company to pay contingent consideration in the event the underlying acquired businesses achieved certain specified earning targets or obtained specified contract awards (see Note 6. Acquisitions). Contingent consideration liabilities had a fair value of $15.1 million at December 31, 2021, of which $8.1 million was paid in 2022 and the remaining amount was reduced to zero as a measurement period adjustment, with no effect on results of operations. There were no fair value adjustments for non-financial assets or liabilities as of December 31, 2022.
Nonrecurring Fair Value Measurements — Certain assets, such as goodwill and trademarks, are not measured at fair value on an ongoing basis but are subject to fair value adjustments in certain circumstances, such as, when there is evidence of impairment.