XML 59 R44.htm IDEA: XBRL DOCUMENT
v3.22.4

FAIR VALUE (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2022
Fair Value Disclosures [Abstract] |
Schedule of fair values of financial assets and liabilities | As of December 31, 2022, the fair values of our financial assets and liabilities were categorized as follows:
| Total |  | Level 1 |  | Level 2 |  | Level 3
Assets |  |  |  |  |  |  |
Investment in equity securities (1) | $ | 5,297 |  |  | $ | 5,297 |  |  | $ | — |  |  | $ | — |
Foreign exchange contracts (2) | 1,107 |  |  | — |  |  | 1,107 |  |  | — |
Convertible notes | 5,650 |  |  | — |  |  | — |  |  | 5,650 |
Total assets at fair value | $ | 12,054 |  |  | $ | 5,297 |  |  | $ | 1,107 |  |  | $ | 5,650 |
Liabilities |  |  |  |  |  |  |
Foreign exchange contracts (2) | $ | 269 |  |  | $ | — |  |  | $ | 269 |  |  | $ | — |
Cross currency swap contract (2) | 8,840 |  |  | — |  |  | 8,840 |  |  | — |
Contingent consideration obligation | 25,310 |  |  | — |  |  | — |  |  | 25,310 |
Total liabilities at fair value | $ | 34,419 |  |  | $ | — |  |  | $ | 9,109 |  |  | $ | 25,310 |
As of December 31, 2021, the fair values of our financial assets and liabilities were categorized as follows:
| Total |  | Level 1 |  | Level 2 |  | Level 3
Assets |  |  |  |  |  |  |
Investment in equity securities (1) | $ | 9,006 |  |  | $ | 9,006 |  |  | $ | — |  |  | $ | — |
Foreign exchange contracts (2) | 331 |  |  | — |  |  | 331 |  |  | — |
Cross currency swap contract (2) | 511 |  |  | — |  |  | 511 |  |  | — |
Total assets at fair value | $ | 9,848 |  |  | $ | 9,006 |  |  | $ | 842 |  |  | $ | — |
Liabilities |  |  |  |  |  |  |
Foreign exchange contracts (2) | $ | 221 |  |  | $ | — |  |  | $ | 221 |  |  | $ | — |
Contingent consideration obligation | 33,908 |  |  | — |  |  | — |  |  | 33,908 |
Total liabilities at fair value | $ | 34,129 |  |  | $ | — |  |  | $ | 221 |  |  | $ | 33,908 |
(1)Investment in PureCycle Technologies ("PCT" or "PureCycle"). See Note 20 - Investment in Equity Securities for discussion of this investment. (2)Market approach valuation technique based on observable market transactions of spot and forward rates.
Schedule of contingent consideration arrangements, fair value | We consider these obligations a Level 3 liability and have estimated the aggregate fair value for these contingent consideration arrangements as follows:
| December 31, 2022 |  | December 31, 2021
Fusion Acquisition | $ | 25,310 |  |  | $ | 27,166 |
Noble Acquisition | — |  |  | 6,742 |
| $ | 25,310 |  |  | $ | 33,908 |
Summary of changes in Level 3 fair value measurements | The following table provides a summary of changes in our Level 3 fair value measurements:
Balance, December 31, 2020 | $ | 31,140 |
Increase in fair value recorded in earnings | 2,768 |
Balance, December 31, 2021 | $ | 33,908 |
Decrease in fair value recorded in earnings | (8,598) |
Balance, December 31, 2022 | $ | 25,310 |

X
- References No definition available. + Details
Name: | us-gaap_FairValueDisclosuresAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). Where the quoted price in an active market for the identical liability is not available, the Level 1 input is the quoted price of an identical liability when traded as an asset. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 + Details
Name: | us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the fair value measurement of liabilities using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and gains or losses recognized in other comprehensive income (loss) and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs) by class of liability. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c) -URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 3 -URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19279-110258 + Details
Name: | us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 + Details
Name: | us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration