XML 49 R38.htm IDEA: XBRL DOCUMENT
v3.21.1

Fair Value of Financial Instruments (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2021
Fair Value Disclosures [Abstract] |
Summary of Financial Liabilities Measured at Fair Value on Recurring Basis | The following financial liabilities are measured at fair value on a recurring basis using significant unobservable inputs (Level 3):
|  | March 31, |  |  | December 31, |
|  | 2021 |  |  | 2020 |
Business acquisitions contingent consideration, current |  | $ | 50,364 |  |  | $ | 49,902 |
Business acquisitions contingent consideration, long-term |  |  | 16,971 |  |  |  | 4,565 |
Conversion option |  |  | 21,488 |  |  |  | 20,886 |
Total |  | $ | 88,823 |  |  | $ | 75,353 |
Summary of Financial Instruments Measured at Fair Value on Recurring Basis | The following table sets forth the Company’s financial instruments that were measured at fair value on a recurring basis:
| Business Acquisitions Contingent Consideration, Current |  |  | Business Acquisitions Contingent Consideration, Long-term |  |  | Conversion Option |  |  | Contingent Put Option |  |  | Warrant Option |  |  | Total |
Balance—at January 1, 2020 | $ | 8,614 |  |  | $ | 379 |  |  | $ | — |  |  | $ | 7,100 |  |  | $ | 16,878 |  |  | $ | 32,971 |
Changes in fair value included in earnings |  | — |  |  |  | — |  |  |  | — |  |  |  | 29,627 |  |  |  | (1 | ) |  |  | 29,626 |
Payment of contingent consideration payable |  | (4,703 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (4,703 | )
Foreign currency translation of contingent consideration payment |  | (208 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (208 | )
Balance—at March 31, 2020 | $ | 3,703 |  |  | $ | 379 |  |  | $ | — |  |  | $ | 36,727 |  |  | $ | 16,877 |  |  | $ | 57,686 |
Balance—at January 1, 2021 | $ | 49,902 |  |  | $ | 4,565 |  |  | $ | 20,886 |  |  | $ | — |  |  | $ | — |  |  | $ | 75,353 |
Acquisitions |  | — |  |  |  | 1,804 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 1,804 |
Changes in fair value included in earnings |  | 462 |  |  |  | 10,602 |  |  |  | 602 |  |  |  | — |  |  |  | — |  |  |  | 11,666 |
Balance—at March 31, 2021 | $ | 50,364 |  |  | $ | 16,971 |  |  | $ | 21,488 |  |  | $ | — |  |  | $ | — |  |  | $ | 88,823 |
Summary of Fair Value of Warrant Options Associated with Issuance of Redeemable Preferred Stock | The fair value of the warrant option associated with the issuance of the Redeemable Series A-1 Preferred Stock was calculated based on the Black-Sholes pricing model using the following assumptions:
|  | March 31, |
|  | 2020 |
Common stock value (per share) |  | $ | 31.60 |
Expected volatility |  |  | 35.93 | %
Risk-free interest rate |  |  | 0.70 | %
Expected life (years) |  | 10 |

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 http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 + Details
Name: | us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_FairValueDisclosuresAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
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 http://asc.fasb.org/extlink&oid=117815213&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 http://asc.fasb.org/extlink&oid=117815213&loc=d3e19279-110258 + Details
Name: | us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of financial instrument classified as a derivative asset (liability) after deduction of derivative liability (asset) using recurring unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 3 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19279-110258 Reference 2: 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 http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 + Details
Name: | us-gaap_FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputReconciliationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration