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Fair Value Measurements
12 Months Ended
Dec. 31, 2021
Fair Value Disclosures [Abstract]  
Fair Value Measurements
Recurring Fair Value Measurements — The carrying amounts of cash and cash equivalents, accounts receivable, accounts payable and accrued payroll and contract professional pay approximate their fair value based on their short-term nature. The carrying amount of long-term debt recorded in the Company’s balance sheet at December 31, 2021 was $1.0 billion (see Note 9. Long-Term Debt) and its fair value was $1.1 billion on December 31, 2021, which was determined using quoted prices in active markets for identical liabilities (Level 1 inputs).

Certain acquisitions completed in 2021 and 2020 contained provisions requiring the Company to pay contingent consideration in the event the acquired businesses achieved certain specified earning results in 2021 or obtained specified contract awards (see Note 5. Acquisitions). At the end of each reporting period, the fair value of the contingent consideration was remeasured and any changes were recorded as an adjustment to goodwill since the purchase accounting window was still open. Contingent consideration liabilities had a fair value of $15.1 million and $5.0 million at December 31, 2021 and 2020, respectively.
Nonrecurring Fair Value Measurements — Certain assets, such as goodwill and trademarks, are not measured at fair value on an ongoing basis but are subject to fair value adjustments in certain circumstances, such as, when there is evidence of impairment.