Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2021

Summary of Assets and Liabilities Measured at Fair Value on a Recurring Basis

The following table summarizes our assets and (liabilities) at December 31, 2021 and 2020 that are measured at fair value on a recurring basis subsequent to initial recognition and indicates the fair value hierarchy of the valuation techniques utilized by us to determine such fair value (in thousands):


	Level	December 31, 2021	December 31, 2020
Deferred compensation plan assets	1	136,321	127,332
Available-for-sale debt securities	1	38,670	25,708
Other depository assets	1	1,144	—
Deferred compensation plan liabilities	1	(136,321)	(127,332)
Interest rate swaps, net	2	(211)	(2,565)
Contingent purchase price liabilities	3	(79,139)	(54,391)

Change in Level 3 Fair Values of Contingent Purchase Price Liabilities

The following table summarizes the change in fair value of our contingent purchase price liabilities identified as Level 3 for the years ended December 31, 2021 and 2020 (pre-tax basis, in thousands):


	Contingent Purchase Price Liabilities
Beginning balance — January 1, 2020	$	(32,089)
Additions from business acquisitions	(37,617)
Settlement of contingent purchase price payable	14,686
Change in fair value of contingency	1,396
Change in net present value of contingency	(767)
Balance — December 31, 2020	$	(54,391)
Additions from business acquisitions	(39,666)
Settlement of contingent purchase price payable	17,285
Change in fair value of contingency	(554)
Change in net present value of contingency	(1,813)
Balance — December 31, 2021	$	(79,139)