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Financial Instruments (Tables)

12 Months Ended

Dec. 31, 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 December 31, 2023 and 2022:

			December 31, 2023
									Hierarchy Level (Fair Value)
			Carrying Amount						Level 1						Level 2						Level 3
Liabilities
Acquisition-related contingent consideration (1)			$	12,801					$	—					$	—					$	12,801
Total			$	12,801					$	—					$	—					$	12,801

			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 Consolidated Balance Sheets.  

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

Schedule of Acquisition-Related Contingent Consideration

The change in our liability for acquisition-related contingent consideration for our Level 3 financial instruments is as follows:

			Contingent Consideration
Balance at December 31, 2020			$	20,118
Additions			$	1,093
Accretion expense (1)			2,771
Remeasurement gain (2)			(3,095)
Payments			(5,122)
Foreign currency translation adjustment (3)			(655)
Balance at December 31, 2021			$	15,110
Additions			$	5,370
Accretion expense (1)			2,396
Payments			(7,671)
Foreign currency translation adjustment and other (3)			(217)
Balance at December 31, 2022			$	14,988
Accretion expense (1)			$	3,818
Payments			$	(6,353)
Foreign currency translation adjustment (3)			$	348
Balance at December 31, 2023			$	12,801

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

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

(3)Foreign currency translation adjustments are included in “Other comprehensive income (loss), net of tax” on the 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

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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
-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

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-Topic 820
-SubTopic 10
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482106/820-10-50-3

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