Annual report [Section 13 and 15(d), not S-K Item 405]

Fair Value Measurements (Tables)

v3.25.4
Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2025
Fair Value Disclosures [Abstract]  
Fair Value, Assets And Liabilities Measured On 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:
As of December 31, 2025
As of December 31, 2024
Level 1
Level 2
Level 3
Level 1
Level 2
Level 3
Assets
Interest rate cap
$—
$—
$—
$—
$13,936
$—
Contingently returnable
consideration
—
—
6,550
—
—
5,483
Liabilities
Contingent consideration
—
—
148,388
—
—
129,059
Total assets and liabilities
measured at fair value
$—
$—
$154,938
$—
$13,936
$134,542
Fair Value, Liabilities Measured On Recurring Basis, Unobservable Input Reconciliation The following is a reconciliation of the beginning and ending balances of the Level 3 assets and liabilities measured at fair
value:
Year Ended December 31,
2025
2024
Assets
Balance at beginning of period
$5,483
$—
Newly established assets due to acquisitions
—
4,868
Total gains included in earnings
2,567
684
Foreign currency translation adjustments included in OCI
427
(69)
Settlements
(1,927)
—
Balance at end of period
$6,550
$5,483
Liabilities
Balance at beginning of period
$129,059
$41,902
Newly established liabilities due to acquisitions1
46,002
103,769
Total (gains) losses included in earnings
23,779
(12,171)
Foreign currency translation adjustments included in OCI
22
—
Settlements
(49,007)
(5,384)
Acquisition measurement period adjustments
(1,467)
943
Balance at end of period
$148,388
$129,059
1 For the year ended December 31, 2025, the activity includes contingent consideration liabilities established for immaterial
acquisitions not disclosed in Note 4, Mergers and Acquisitions.