Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurements (Tables)

v3.21.2
Fair Value Measurements (Tables)
 6 Months Ended
Jun. 30, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]  
Summary of company's liabilities measured at fair value on a recurring basis
The following fair value hierarchy table presents information about the Company’s liabilities measured at fair value on a recurring basis as of June 30, 2021 and December 31, 2020.
 
    
June 30, 2021
     
December 31, 2020
  
    
Quoted prices in
active markets
for identical
assets
(Level 1)
     
Significant
other
observable
inputs
(Level 2)
     
Significant
unobservable
inputs
(Level 3)
     
Quoted prices in
active markets
for identical
assets
(Level 1)
     
Significant
other
observable
inputs
(Level 2)
     
Significant
unobservable
inputs
(Level 3)
  
Liabilities:
                                                      
Debt (1)
    $ 1,641,719      $ —        $ —        $ 1,648,997      $ —        $ —    
Contingent purchase consideration (2)
      —          —          22,135        —          —          22,096  
Make-whole provision on Class B
Preferred Units 
(3)
      —          —          51,035        —          —          30,423  
    
 
 
     
 
 
     
 
 
     
 
 
     
 
 
     
 
 
  
Total liabilities measured at fair value
   
$
1,641,719
 
   
$
—  
 
   
$
73,170
 
   
$
1,648,997
 
   
$
—  
 
   
$
52,519
 
    
 
 
     
 
 
     
 
 
     
 
 
     
 
 
     
 
 
  
 
(1)
See Note 8,
Debt.
(2)
Contingent purchase considerations are listed in Accounts payable and accrued liabilities and Other
non-current
liabilities in the Statement of Financial Position and in Change in contingent consideration in the Statements of Income.
(3)
Make-Whole Provisions are listed as Accounts payable and accrued liabilities in the Statements of Financial Position and in Other
non-operating
(loss) income in the Statement of Income.
Fair Value, Inputs, Level 3 [Member]  
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]  
Summary of company's liabilities measured at fair value on a recurring basis
The following is a reconciliation of the beginning and ending balances for the Level 3 liabilities measured at fair value:
 
    
June 30, 2021
    
June 30, 2020
  
    
Make-Whole

provision
 
on
 
class B units
     
Contingent
consideration
    
Total
    
Make-Whole

provision on class
B units
     
Contingent
consideration
    
Total
  
Opening balance
   
$
30,423
 
   
$
22,096
 
  
$
52,519
 
  
$
891
 
   
$
 23,527
 
  
$
24,418
 
Total gains/losses included in earnings
      20,612        2,712       23,324       —          1,619       1,619  
Settlements
      —          (2,673 )      (2,673 )      —          (497 )      (497 ) 
    
 
 
     
 
 
    
 
 
    
 
 
     
 
 
    
 
 
  
Ending balance
   
$
 51,035
 
   
$
22,135
 
  
$
 73,170
 
  
$
 891
 
   
$
24,649
 
  
$
 25,540