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Deferred Acquisition Consideration (Tables) | 9 Months Ended
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Sep. 30, 2023
Business Combinations [Abstract] |
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 September 30, 2023 and December 31, 2022:
| September 30, 2023 |  | December 31, 2022
| (dollars in thousands)
Beginning balance | $ | 161,323 |  |  | $ | 222,369 |
Payments (1) | (60,806) |  |  | (74,963) |
Adjustments to deferred acquisition consideration (2) | 10,881 |  |  | (12,779) |
Additions (3) | 22,172 |  |  | 26,594 |
Currency translation adjustment | 140 |  |  | (758) |
Other | 27 |  |  | 860 |
Ending balance (4) | $ | 133,737 |  |  | $ | 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 September 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) In 2021, the Company entered into an agreement to purchase the remaining 26.7% interest in Targeted Victory it did not previously own. The agreement provided for the purchase of 50% of the interest on October 1, 2021 (payable in October 2023) and 50% on July 31, 2023 (payable in October 2025 with a seller’s right to defer until October 2027). In connection with the purchase, the estimated amount payable in October 2025, was reclassified from redeemable noncontrolling interest to deferred acquisition consideration. (4) The contingent and fixed deferred acquisition consideration obligation was $90.9 million and $42.8 million, respectively, as of September 30, 2023 and $69.9 million and $91.4 million, respectively, as of December 31, 2022. The deferred acquisition consideration as of September 30, 2023, includes $42.6 million expected to be settled in shares of Class A Common Stock.

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- Definition Tabular disclosure of contingent payment arrangements including the terms that will result in payment and the accounting treatment that will be followed if such contingencies occur, including the potential impact on earnings per share if contingencies are to be settled in common stock of the entity. The description also may include the period over which amounts are expected to be paid, and changes in the amount since the previous reporting period. This also includes contingent options and commitments. + References No definition available. + Details
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