XML 38 R28.htm IDEA: XBRL DOCUMENT v3.23.2

Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2023

Fair Value Disclosures [Abstract]

Schedule of Carrying and Estimated Fair Value of Other Financial Instruments

The following tables present the carrying amounts and estimated fair values of our financial instruments by hierarchy level as of June 30, 2023 and December 31, 2022:

			June 30, 2023
									Hierarchy Level (Fair Value)
			Carrying Amount						Level 1						Level 2						Level 3
Liabilities
Acquisition-related contingent consideration (1)			$	12,983					$	—					$	—					$	12,983
2023 Convertible Notes (2)			315,548						—						596,402						—
Total			$	328,531					$	—					$	596,402					$	12,983

			December 31, 2022
									Hierarchy Level (Fair Value)
			Carrying Amount						Level 1						Level 2						Level 3
Liabilities
Acquisition-related contingent consideration (1)			$	14,988					$	—					$	—					$	14,988
2023 Convertible Notes (2)			315,172						—						509,682						—
Total			$	330,160					$	—					$	509,682					$	14,988

(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)The carrying amount includes unamortized deferred debt issuance costs.

Schedule of Change in Liability for our Level 3 Financial Instruments

The change in our liability for our Level 3 financial instruments is as follows:

			Contingent Consideration
Balance at December 31, 2022			$	14,988
Accretion expense (1)			$	1,284
Payments			(3,430)
Foreign currency translation adjustment (2)			238
Balance at March 31, 2023			$	13,080
Accretion expense (1)			2,259
Payments			(2,423)
Foreign currency translation adjustment (2)			67
Balance at June 30, 2023			$	12,983

			Contingent Consideration
Balance at December 31, 2021			$	15,110
Additions			$	5,370
Accretion expense (1)			(979)
Payments			(4,430)
Foreign currency translation adjustment (2)			(115)
Balance at March 31, 2022			$	14,956
Accretion expense (1)			1,112
Payments			(2,240)
Foreign currency translation adjustment (2)			(465)
Balance at June 30, 2022			$	13,363

(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.

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
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482106/820-10-50-2

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 11
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482907/825-10-50-11

+ Details

Name:	us-gaap_FairValueByBalanceSheetGroupingTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

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 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
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)
-SubTopic 10
-Topic 820
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482106/820-10-50-2

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482106/820-10-50-3

+ Details

Name:	us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration