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Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2021

Fair Value Disclosures [Abstract]

Schedule of Carrying and Estimated Fair Value of Other Financial Instruments

The table below presents the carrying amounts and estimated fair values of our financial instruments by hierarchy level as of June 30, 2021 and December 31, 2020:

			June 30, 2021
									Hierarchy Level (Fair Value)
			Carrying Amount						Level 1						Level 2						Level 3
Liabilities
Acquisition-related contingent consideration, including current portion (1)(2)			$	14,611					$	—					$	—					$	14,611
2023 Convertible Notes (3)			291,581						—						446,725						—
Total			$	306,192					$	—					$	446,725					$	14,611

			December 31, 2020
									Hierarchy Level (Fair Value)
			Carrying Amount						Level 1						Level 2						Level 3
Liabilities
Acquisition-related contingent consideration, including current portion (1)			$	20,118					$	—					$	—					$	20,118
2023 Convertible Notes (3)			286,131						—						396,982						—
Total			$	306,249					$	—					$	396,982					$	20,118

(1)The short-term portion is included in “Accounts payable, accrued expenses and other” and the long-term portion is included in “Other liabilities” on the Condensed Consolidated Balance Sheets.

(2)During the three months ended June 30, 2021, we acquired certain assets of a leading construction consulting firm that were assigned to the FLC segment and recorded an acquisition-related contingent consideration liability.

(3)The carrying values include unamortized deferred debt issue costs and debt discount.

Schedule of Acquisition-Related Contingent Consideration

The table below presents the change in our liability for acquisition-related contingent consideration for our Level 3 financial instruments:

			Contingent Consideration
Balance at December 31, 2020			$	20,118
Accretion expense (1)			1,289
Payments			(1,000)
Foreign currency translation adjustment (2)			(612)
Balance at March 31, 2021			$	19,795
Additions (3)			1,093
Accretion expense (1)			676
Payments			(4,122)
Foreign currency translation adjustment (2)			264
Remeasurement gain (4)			(3,095)
Balance at June 30, 2021			$	14,611

			Contingent Consideration
Balance at December 31, 2019			$	14,826
Accretion expense (1)			506
Foreign currency translation adjustment (2)			(148)
Balance at March 31, 2020			$	15,184
Accretion expense (1)			614
Payments			(4,692)
Foreign currency translation adjustment (2)			88
Balance at June 30, 2020			$	11,194

(1)Accretion expense is included in SG&A expenses on the Condensed Consolidated Statements of Comprehensive Income.

(2)Foreign currency translation adjustments are included in "Other comprehensive income (loss), net of tax" on the Condensed Consolidated Statements of Comprehensive Income.

(3)During the three months ended June 30, 2021, we acquired certain assets of a business that were assigned to the FLC segment and recorded an acquisition-related contingent consideration liability.

(4)Remeasurement gain or loss resulting from a change in the fair value of an acquisition's contingent consideration liability is recorded in SG&A expenses on the Condensed Consolidated Statements of Comprehensive Income.

X

- Definition

Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=123594938&loc=d3e13467-108611

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 http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258

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- References

No definition available.

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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 http://asc.fasb.org/extlink&oid=123874694&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 http://asc.fasb.org/extlink&oid=123874694&loc=d3e19279-110258

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