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Fair Value Measurement (Tables) | 12 Months Ended
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Dec. 31, 2023
Fair Value Disclosures [Abstract] |
Schedule of Fair Value, Assets and Liabilities | The Company’s financial assets and liabilities subject to fair value measurements, as of December 31, 2023 and 2022 were as follows:
|  | December 31, 2023 |  | December 31, 2022
(in thousands) |  | Fair value |  | Level 1 |  | Level 2 |  | Level 3 |  | Fair value |  | Level 1 |  | Level 2 |  | Level 3
Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Forward contracts |  | $ | 708 |  |  | $ | — |  |  | $ | 708 |  |  | $ | — |  |  | $ | 916 |  |  | $ | — |  |  | $ | 916 |  |  | $ | — |
Total assets |  | $ | 708 |  |  | $ | — |  |  | $ | 708 |  |  | $ | — |  |  | $ | 916 |  |  | $ | — |  |  | $ | 916 |  |  | $ | — |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Contingent consideration(1) |  | $ | 13,300 |  |  | $ | — |  |  | $ | — |  |  | $ | 13,300 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Forward contracts |  | 1,904 |  |  | — |  |  | 1,904 |  |  | — |  |  | 1,241 |  |  | — |  |  | 1,241 |  |  | — |
Total liabilities |  | $ | 15,204 |  |  | $ | — |  |  | $ | 1,904 |  |  | $ | 13,300 |  |  | $ | 1,241 |  |  | $ | — |  |  | $ | 1,241 |  |  | $ | — |
(1) On December 31, 2023, $3,325 was recorded in Contingent payment liability - current portion and $9,975 was recorded in Contingent payment liability - long-term portion. The Company's recurring Level 3 balance consists of contingent consideration related to acquisitions. The changes in the Company's Level 3 liabilities for the years ended December 31, December 31, 2023 and 2022 were as follows:
(in thousands) | Balance at Beginning of the Year |  |  |  | Acquisitions |  | Adjustments(1) |  | Transfer out of Level 3(2) |  | Balance at End of the Year
2023: |  |  |  |  |  |  |  |  |  |  |
Liabilities: |  |  |  |  |  |  |  |  |  |  |
Contingent consideration | $ | — |  |  |  |  | 13,300 |  |  | — |  |  | — |  |  | $ | 13,300 |
2022: |  |  |  |  |  |  |  |  |  |  |
Liabilities: |  |  |  |  |  |  |  |  |  |  |
Contingent consideration | $ | 6,960 |  |  |  |  | — |  |  | (5,807) |  |  | (1,153) |  |  | $ | — |
(1) In 2022, amount consists of an adjustment of $(5,807) that was included as a benefit in operating expenses, related to the change in valuation of the contingent consideration in connection with the acquisition of B.B. Dakota, Inc. (2) On December 31, 2022, the transfer out of Level 3 amount of $1,153, which was recorded in the current portion of our contingent payment liabilities on the Consolidated Balance Sheets, represented the current portion of our contingent liabilities and was measured at the amount payable based on actual EBITDA performance for the related performance period, and was paid as of December 31, 2023.

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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 -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2 + Details
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