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Fair Value Measurement (Tables)

9 Months Ended

Sep. 30, 2022

Fair Value Disclosures [Abstract]

Summary of Changes in Fair Value by Balance Sheet Grouping

The following table presents the input level used to determine the fair values of our financial instruments measured at fair value on a recurring basis:

									Fair Value as of
			Level						September 30, 2022						December 31, 2021
Assets:
Interest rate swap instruments			2						$	5,578					$	919
Total assets									$	5,578					$	919
Liabilities:
Interest rate swap instruments			2						$	27					$	6,316
Commodity swap instruments			2						4,990						1,962
Make-whole provisions			2						5,459						4,800
Contingent consideration			3						3,358						2,838
Total liabilities									$	13,834					$	15,916

Schedule of Changes in Fair Value of Contingent Liabilities Classified as Level 3

The following table sets forth a summary of changes in the fair value of contingent consideration liability classified as level 3:

			Fair Value as of
			September 30, 2022						December 31, 2021
Contingent consideration liability balance at the beginning of period			$	2,838					$	678
Contingent consideration issued in connection with acquisition			—						2,160
Changes in fair value included in earnings			814						—
Payment of contingent consideration			(275)						—
Remeasurement period adjustment			(19)						—
Contingent consideration liability balance at the end of period			$	3,358					$	2,838

Summary of Fair Value and Carrying Value of Long-Term Debt

The following table sets forth the fair value and the carrying value of our long-term debt, excluding financing leases:

			As of September 30, 2022												As of December 31, 2021
			Fair Value						Carrying Value						Fair Value						Carrying Value
Long-term debt (Level 2)			$	784,429					$	795,262					$	442,429					$	436,892

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
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 11
-URI https://asc.fasb.org/extlink&oid=123594938&loc=d3e13467-108611

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-Publisher FASB
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-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258

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- Definition

Tabular disclosure of liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class 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). Where the quoted price in an active market for the identical liability is not available, the Level 1 input is the quoted price of an identical liability when traded as an asset.

+ 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 (b)
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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

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)
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