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.