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Fair value measurement (Tables)

9 Months Ended

Sep. 29, 2024

Fair Value Disclosures [Abstract]

Financial assets and liabilities carried at fair value measured on recurring basis

The following tables provide information regarding our financial assets and liabilities measured at fair value on a recurring basis as of September 29, 2024 and December 31, 2023:

			Total carrying  value at  September 29, 2024						Quoted prices in active markets (Level 1)						Significant other observable Inputs (Level 2)						Significant unobservable Inputs (Level 3)
Investments in marketable securities			$	571					$	571					$	—					$	—
Derivative assets			20,433						—						20,433						—
Derivative liabilities			62,007						—						62,007						—
Contingent consideration liabilities			46,750						—						—						46,750

			Total carrying value at December 31, 2023						Quoted prices in active markets (Level 1)						Significant other observable Inputs (Level 2)						Significant unobservable Inputs (Level 3)
Investments in marketable securities			$	5,306					$	5,306					$	—					$	—
Derivative assets			19,449						—						19,449						—
Derivative liabilities			35,303						—						35,303						—
Contingent consideration liabilities			39,486						—						—						39,486

Schedule of Valuation Techniques

The table below provides additional information regarding the valuation technique and inputs used in determining the fair value of our significant contingent consideration liabilities.

Contingent Consideration Liability

Valuation Technique

Unobservable Input

Range (Weighted average)

Revenue-based

Monte Carlo simulation

Revenue volatility

17.4% - 30.4% (19.2%)

Risk free rate

Cost of debt structure

Projected year of payment

2025 - 2026

Reconciliation of Changes in Level 3 Financial Liabilities Measured at Fair Value on Recurring Basis

The following table provides information regarding changes in our contingent consideration liabilities for the nine months ended September 29, 2024:

			Contingent consideration
Balance – December 31, 2023			$	39,486
Payments			(182)
Revaluations			7,446
Balance – September 29, 2024			$	46,750

X

- Definition

Tabular disclosure of input and valuation technique used to measure fair value and change in valuation approach and technique for each separate class of asset and liability measured on recurring and nonrecurring basis.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 820
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-Name Accounting Standards Codification
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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

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-Topic 820
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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

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-Topic 820
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