Annual report pursuant to Section 13 and 15(d)

Fair Value Measurements (Tables)

v3.24.0.1
Fair Value Measurements (Tables)
 12 Months Ended
Dec. 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 December 31, 2023

 

As of December 31, 2022

 

 

Level 1

 

Level 2

 

Level 3

 

Level 1

 

Level 2

 

Level 3

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

Interest rate cap

$

—

 

$

29,667

 

$

—

 

$

—

 

$

45,860

 

$

—

 

Liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

Contingent consideration

 

—

 

 

—

 

 

41,050

 

 

—

 

 

—

 

 

29,251

 

Deal-Contingent Forward

 

—

 

 

—

 

 

852

 

 

—

 

 

—

 

 

—

 

Total assets and liabilities
measured at fair value

$

—

 

$

29,667

 

$

41,902

 

$

—

 

$

45,860

 

$

29,251

 

 
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 of the Level 3 liabilities measured at fair value:

 

 

 

Year Ended December 31,

 

 

 

2023

 

2022

 

Balance at beginning of period

 

$

29,251

 

$

42,053

 

Newly established liabilities due to acquisitions

 

 

11,238

 

 

—

 

Newly established liability due to derivatives

 

 

852

 

 

—

 

Other losses included in earnings

 

 

8,473

 

 

2,433

 

Settlements

 

 

(7,912

)

 

(15,235

)

Balance at end of period

 

$

41,902

 

$

29,251