Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurements (Tables)

v3.24.1.u1
Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2024
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]  
Summary of company's assets and liabilities measured at fair value on a recurring basis

The following table presents information about the Company’s assets and liabilities measured at fair value on a recurring basis by fair value hierarchy input level:

 

March 31, 2024

 

 

December 31, 2023

 

 

Level 1

 

Level 2

 

Level 3

 

 

Level 1

 

Level 2

 

Level 3

 

Assets

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest rate cap

$

 

$

33,412

 

$

 

 

$

 

$

29,667

 

$

 

Liabilities

 

 

 

 

 

 

 

 

 

 

 

 

 

Contingent consideration

 

 

 

 

 

42,864

 

 

 

 

 

 

 

41,050

 

Deal-Contingent Forward

 

 

 

 

 

3,334

 

 

 

 

 

 

 

852

 

Total assets and liabilities
 measured at fair value

$

 

$

33,412

 

$

46,198

 

 

$

 

$

29,667

 

$

41,902

 

 

Fair Value, Inputs, Level 3 [Member]  
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]  
Summary of Reconciliation of Beginning and Ending Balances of Level 3 Liabilities Measured at Fair Value

The following is a reconciliation of the beginning and ending balances of the Level 3 liabilities measured at fair value:

 

 

 

Three Months Ended March 31,

 

 

 

2024

 

2023

 

Balance at beginning of period

 

$

41,902

 

$

29,251

 

Total losses included in earnings

 

 

3,353

 

 

1,585

 

Settlements

 

 

 

 

(7,912

)

Acquisition measurement period adjustments

 

 

943

 

 

 

Balance at end of period

 

$

46,198

 

$

22,924