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Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2021

Fair Value Disclosures [Abstract]

Schedule of changes in the earn-out, Level 3

The following table summarizes the changes in Private Placement Warrant liability as of March 31, 2021 and March 31, 2020.

Balance at December 31, 2019			$	111,813
Mark to market adjustment on financial instruments			55,632
Exercise of Private Placement Warrants			—
Balance at March 31, 2020			$	167,445
Balance at December 31, 2020			$	312,751
Mark to market adjustment on financial instruments			(51,215)
Exercise of Private Placement Warrants			(3,592)
Balance at March 31, 2021			$	257,944

The following table presents the changes in the Level 3 earn-out for the three months ended March 31, 2020:

Balance at December 31, 2019			$	11,100
Payment of earn-out liability (1)			(8,000)
Revaluations included in earnings			380
Balance at March 31, 2020			$	3,480
(1) See Note 22 - Commitments and Contingencies for further details.

Summary of the Company's assets and liabilities that were recognized at fair value on a recurring basis

The following table provides a summary of the Company’s assets and liabilities that were recognized at fair value on a recurring basis as at March 31, 2021 and December 31, 2020:

			March 31, 2021
			Level 1						Level 2 (As Restated)						Level 3						Total Fair Value (As Restated)
Assets
Forward contracts asset			$	—					$	81					$	—					$	81
			—						81						—						81
Liabilities
Warrant liability			—						—						257,944						257,944
Employee phantom share liability - current			—						88,504						—						88,504
Employee phantom share liability - non-current			—						2,348						—						2,348
Forward contracts liability			—						3,909						—						3,909
Interest rate swap liability			—						3,394						—						3,394
Total			$	—					$	98,155					$	257,944					$	356,099

			December 31, 2020
			Level 1						Level 2 (As Restated)						Level 3						Total Fair Value (As Restated)
Assets
Forward contracts asset			$	—					$	8,574					$	—					$	8,574
			—						8,574						—						8,574
Liabilities
Warrant liability - (As Restated)			—						—						312,751						312,751
Employee phantom share liability - current			—						57,752						—						57,752
Employee phantom share liability - non-current			—						393						—						393
Forward contracts liability			—						106						—						106
Interest rate swap liability			—						5,159						—						5,159
Contingent stock liability			—						130,594						—						130,594
Total			$	—					$	194,004					$	312,751					$	506,755

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- References

No definition available.

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- 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=117815213&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=117815213&loc=d3e19279-110258

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- 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 http://asc.fasb.org/extlink&oid=117815213&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 http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258

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