Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2022

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

The following table summarizes our assets and (liabilities) at December 31, 2022 and 2021 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, 2022	December 31, 2021
Deferred compensation plan assets	1	118,862	136,321
Available-for-sale debt securities	1	43,485	38,670
Other depository assets	1	868	1,144
Deferred compensation plan liabilities	1	(118,862)	(136,321)
Interest rate swaps, net	2	7,809	(211)
Contingent purchase price liabilities	3	(132,010)	(79,139)

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, 2022 and 2021 (pre-tax basis, in thousands):


	Contingent Purchase Price Liabilities
Beginning balance — January 1, 2021	$	(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)
Additions from business acquisitions	(74,199)
Settlement of contingent purchase price payable	23,763
Change in fair value of contingency	662
Change in net present value of contingency	(3,097)
Balance — December 31, 2022	$	(132,010)