Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurements (Tables)

v3.23.1
Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2023
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:

 

As of March 31, 2023

 

 

As of December 31, 2022

 

 

Level 1

 

Level 2

 

Level 3

 

 

Level 1

 

Level 2

 

Level 3

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest rate cap

$

 

$

37,209

 

$

 

 

$

 

$

45,860

 

$

 

Liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

Contingent consideration

 

 

 

 

 

22,924

 

 

 

 

 

 

 

29,251

 

Total assets and liabilities
 measured at fair value

$

 

$

37,209

 

$

22,924

 

 

$

 

$

45,860

 

$

29,251

 

Level 3 Liabilities Measured at Fair Value

Fair Value, Inputs, Level 3 [Member]  
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 is a reconciliation of the beginning and ending balances for the Level 3 liabilities measured at fair value, which consist of contingent consideration for both periods:

 

 

Three Months Ended March 31,

 

 

 

2023

 

 

2022

 

Balance at beginning of period

 

$

29,251

 

 

$

42,053

 

Total losses (gains) included in earnings

 

 

1,585

 

 

 

(636

)

Settlements

 

 

(7,912

)

 

 

 

Balance at end of period

 

$

22,924

 

 

$

41,417