Deferred Acquisition Consideration (Tables)

6 Months Ended

Jun. 30, 2023

Schedule of Changes in Contingent Deferred Acquisition Consideration

The following table presents changes in deferred acquisition consideration, measured at fair value on a recurring basis using significant unobservable inputs, and a reconciliation to the amounts reported on the Unaudited Consolidated Balance Sheets as of June 30, 2023 and December 31, 2022:


	June 30, 2023		December 31, 2022
	(dollars in thousands)
Beginning balance	$	161,323	$	222,369
Payments (1)	(51,889)		(74,963)
Adjustments to deferred acquisition consideration (2)	4,480		(12,779)
Additions	—		26,594
Currency translation adjustment	528		(758)
Other	27		860
Ending balance (3)	$	114,469	$	161,323

(1) Includes deferred acquisition consideration payments settled in the shares of Class A Common Stock of $20.1 million and $1.0 million, respectively, for the period ended June 30, 2023 and December 31, 2022.

(2) Adjustment to deferred acquisition consideration contains fair value changes from the Company’s initial estimates of deferred acquisition payments.

(3) The contingent and fixed deferred acquisition consideration obligation was $71.2 million and $43.3 million, respectively, as of June 30, 2023 and $69.9 million and $91.4 million, respectively, as of December 31, 2022. In addition, $31.2 million of the deferred acquisition consideration is expected to be settled in the shares of Class A Common Stock.