FAIR VALUE (Tables)

9 Months Ended

Sep. 30, 2021

Fair Value Disclosures [Abstract]

Schedule of fair values of financial assets and liabilities

As of September 30, 2021, the fair values of our financial assets and liabilities were categorized as follows:

	Total		Level 1		Level 2		Level 3
Assets
Investment in equity securities (1)	$	11,908	$	11,908	$	—	$	—
Foreign exchange contracts (2)	254		—		254		—
Total assets at fair value	$	12,162	$	11,908	$	254	$	—
Liabilities
Foreign exchange contracts (2)	$	226	$	—	$	226	$	—
Cross currency swap contract (2)	738		—		738		—
Contingent consideration obligation	34,250		—		—		34,250
Total liabilities at fair value	$	35,214	$	—	$	964	$	34,250

As of December 31, 2020, the fair values of our financial assets and liabilities were categorized as follows:

	Total		Level 1		Level 2		Level 3
Assets
Foreign exchange contracts (2)	$	322	$	—	$	322	$	—
Total assets at fair value	$	322	$	—	$	322	$	—
Liabilities
Foreign exchange contracts (2)	$	146	$	—	$	146	$	—
Cross currency swap contract (2)	8,309		—		8,309		—
Contingent consideration obligation	31,140		—		—		31,140
Total liabilities at fair value	$	39,595	$	—	$	8,455	$	31,140

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(1)Investment in PureCycle Technologies ("PCT" or "PureCycle" ). See Note 18 - Investment in Equity Securities for discussion of this investment.

(2)Market approach valuation technique based on observable market transactions of spot and forward rates.

Schedule of contingent consideration arrangements, fair value

We consider these obligations Level 3 liabilities and have estimated the aggregate fair value for these contingent consideration arrangements as follows:

	September 30, 2021		December 31, 2020
Fusion Acquisition	$	28,340	$	26,910
Noble Acquisition	5,910		4,230
	$	34,250	$	31,140

Summary of changes in Level 3 fair value measurements

The following table provides a summary of changes in our Level 3 fair value measurements:

Balance, December 31, 2020	$	31,140
Increase in fair value recorded in earnings	3,110
Balance, September 30, 2021	$	34,250