XML 39 R28.htm IDEA: XBRL DOCUMENT
v3.23.1

Fair Value Measurements (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2023
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
Schedule of Fair Value Assets and Liabilities Measured on Recurring Basis | The following tables present the Company’s fair value hierarchy for its financial assets and liabilities that are measured at fair value on a recurring basis as of March 31, 2023 and December 31, 2022 (in thousands):
|  | Measured at NAV as of March 31, 2023: |  |  | Measured at Fair Value as of March 31, 2023: |
|  |  |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
Financial Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash equivalents: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Money market funds |  | $ | 770 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 770 |
Foreign exchange contracts |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 91 |  |  |  | 91 |
|  | $ | 770 |  |  | $ | — |  |  | $ | — |  |  | $ | 91 |  |  | $ | 861 |
Financial Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Contingent consideration |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 41 |  |  | $ | 41 |
|  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 41 |  |  | $ | 41 |
|  | Measured at NAV as of December 31, 2022: |  |  | Measured at Fair Value as of December 31, 2022: |
|  |  |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
Financial Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash equivalents: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Money market funds |  | $ | 9,145 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 9,145 |
|  | $ | 9,145 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 9,145 |
Financial Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Foreign exchange contracts |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 133 |  |  | $ | 133 |
Contingent consideration |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 1,332 |  |  |  | 1,332 |
|  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 1,465 |  |  | $ | 1,465 |
Summary of Changes in the Carrying Value of the Contingent Consideration | The following table summarizes the changes in the carrying value of the contingent consideration for the three months ended March 31, 2023 and 2022 (in thousands):
|  | Three Months Ended March 31, |
|  | 2023 |  |  | 2022 |
Beginning balance |  | $ | 1,332 |  |  | $ | 11,309 |
Additions |  |  | 2 |  |  |  | — |
Change in fair value |  |  | 410 |  |  |  | (70 | )
Contingent consideration paid * |  |  | (1,674 | ) |  |  | (7,844 | )
Foreign currency translation adjustment |  |  | (29 | ) |  |  | (95 | )
Ending balance |  | $ | 41 |  |  | $ | 3,300 |
* For the three months ended March 31, 2023 and 2022, contingent consideration paid related to the acquisition of Cohort Go and Simplificare Inc. (Simplee) have been bifurcated between the financing and operating sections of the condensed consolidated statement of cash flows. Amounts paid up to the fair value initially recorded in purchase accounting is reported in the financing section of the condensed consolidated statement of cash flows, while any excess is reported in the operating section of the condensed consolidated statement of cash flows.
WPM [Member] |
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
Schedule of Unobservable Inputs Incorporated into the Valuation of Contingent Consideration | The following table presents the unobservable inputs incorporated into the valuation of contingent consideration related to the WPM acquisition as of December 31, 2022. As of March 31, 2023, the Company expects a potential contingent consideration payment of less than $0.1 million will be payable with respect to the WPM acquisition.
|  | December 31, 2022 |
Market price of risk adjustment for revenue |  |  | 6.7 | %
Revenue volatility |  |  | 22.7 | %
Probability of successful achievement* |  | 0% - 100% |
Performance period |  | 1.25 years |
* Probability of successful achievement was set at different targets based on the Company’s best estimates on achieving them.
Cohort Go [Member] |
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
Schedule of Unobservable Inputs Incorporated into the Valuation of Contingent Consideration | The following table presents the unobservable inputs incorporated into the valuation of contingent consideration related to the Cohort Go acquisition as of December 31, 2022.
|  | December 31, 2022 |
Discount rate |  |  | 11.2 | %
Probability of successful achievement * |  | 75% - 100% |
* Probability of successful achievement was set at different targets based on the Company’s best estimates on achieving them.

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
Name: | us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of input and valuation technique used to measure fair value and change in valuation approach and technique for each separate class of asset and liability measured on recurring and nonrecurring basis. + 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 (bbb) -URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 + Details
Name: | us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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 -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c) -URI https://asc.fasb.org/extlink&oid=126976982&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 https://asc.fasb.org/extlink&oid=126976982&loc=d3e19279-110258 + Details
Name: | us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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 https://asc.fasb.org/extlink&oid=126976982&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 https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 + Details
Name: | us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_BusinessAcquisitionAxis=flyw_WpmMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_BusinessAcquisitionAxis=flyw_CohortGoMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |