Fair value measurement (Tables)

12 Months Ended

Dec. 31, 2023

Fair Value Disclosures [Abstract]

Financial Assets and Liabilities Carried at Fair Value Measured on Recurring Basis

The following tables provide information regarding our financial assets and liabilities measured at fair value on a recurring basis as of December 31, 2023 and 2022:

	Basis of fair value measurement
	December 31, 2023		(Level 1)		(Level 2)		(Level 3)
Investments in marketable securities	$	5,306	$	5,306	$	—	$	—
Derivative assets	19,449		—		19,449		—
Derivative liabilities	35,303		—		35,303		—
Contingent consideration liabilities	39,486		—		—		39,486

	Basis of fair value measurement
	December 31, 2022		(Level 1)		(Level 2)		(Level 3)
Investments in marketable securities	$	10,097	$	10,097	$	—	$	—
Derivative assets	63,610		—		63,610		—
Derivative liabilities	1,460		—		1,460		—
Contingent consideration liabilities	44,022		—		—		44,022

There were no transfers of financial assets or liabilities into or out of Level 3 within the fair value hierarchy during the years ended December 31, 2023 or 2022.

Schedule of Valuation Techniques

The table below provides additional information regarding the valuation technique and inputs used in determining the fair value of our significant contingent consideration liabilities.

Contingent Consideration Liability	Valuation Technique	Unobservable Input	Range (Weighted average)
Revenue-based
	Monte Carlo simulation	Revenue volatility	15.1% - 20.3% (18.8%)
		Risk free rate	Cost of debt structure
		Projected year of payment	2025 - 2026

Reconciliation of Changes in Level 3 Financial Liabilities Measured at Fair Value on Recurring Basis

The following table provides information regarding changes in our contingent consideration liabilities for the years ended December 31, 2023 and 2022:

	Contingent consideration
	2023		2022
Beginning balance – January 1	$	44,022	$	9,814
Initial estimate upon acquisition	27,000		38,800
Payments	(4,293)		(6,975)
Revaluations and other adjustments	(27,243)		2,350
Translation adjustment	—		33
Ending balance – December 31	$	39,486	$	44,022