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Fair Value of Financial Instruments (Tables) | 6 Months Ended
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Jun. 30, 2023
Fair Value Disclosures [Abstract] |
Summary of Financial Instruments Measured at Fair Value on Recurring Basis | The following financial instruments are measured at fair value on a recurring basis using significant unobservable inputs (Level 3):
|  | June 30, |  |  | December 31, |
|  | 2023 |  |  | 2022 |
Interest rate swap(1) |  | $ | 6,462 |  |  | $ | 6,046 |
Total assets |  | $ | 6,462 |  |  | $ | 6,046 |
Business acquisitions contingent consideration, current |  | $ | 4,119 |  |  | $ | 3,801 |
Business acquisitions contingent consideration, long-term |  |  | 2,311 |  |  |  | 4,454 |
Conversion option |  |  | 27,155 |  |  |  | 25,731 |
Total liabilities |  | $ | 33,585 |  |  | $ | 33,986 |
_____________________________ (1) Included in other assets in the unaudited condensed consolidated statement of financial position. The estimated fair value amounts shown above are not necessarily indicative of the amounts that the Company would realize upon disposition, nor do they indicate the Company’s intent or ability to dispose of the financial instrument. The following table sets forth the Company’s financial instruments that were measured at fair value on a recurring basis:
| Interest Rate Swap |  |  | Total Assets |  |  | Business Acquisitions Contingent Consideration, Current |  |  | Business Acquisitions Contingent Consideration, Long-term |  |  | Conversion Option |  |  | Total Liabilities |
Balance—at January 1, 2022 | $ | — |  |  | $ | — |  |  | $ | 31,450 |  |  | $ | 4,350 |  |  | $ | 23,081 |  |  | $ | 58,881 |
Acquisitions |  | — |  |  |  | — |  |  |  | — |  |  |  | 1,216 |  |  |  | — |  |  |  | 1,216 |
Changes in fair value included in earnings |  | 3,982 |  |  |  | 3,982 |  |  |  | (73 | ) |  |  | (390 | ) |  |  | 1,126 |  |  |  | 663 |
Payment of contingent consideration payable |  | — |  |  |  | — |  |  |  | (30,179 | ) |  |  | — |  |  |  | — |  |  |  | (30,179 | )
Reclass of long term to short term contingent liabilities |  | — |  |  |  | — |  |  |  | 1,616 |  |  |  | (1,616 | ) |  |  | — |  |  |  | — |
Balance—at June 30, 2022 | $ | 3,982 |  |  | $ | 3,982 |  |  | $ | 2,814 |  |  | $ | 3,560 |  |  | $ | 24,207 |  |  | $ | 30,581 |
Balance—at January 1, 2023 | $ | 6,046 |  |  | $ | 6,046 |  |  | $ | 3,801 |  |  | $ | 4,454 |  |  | $ | 25,731 |  |  | $ | 33,986 |
Acquisitions |  | — |  |  |  | — |  |  |  | 25 |  |  |  | — |  |  |  | — |  |  |  | 25 |
Changes in fair value included in earnings |  | 416 |  |  |  | 416 |  |  |  | (162 | ) |  |  | 117 |  |  |  | 1,424 |  |  |  | 1,379 |
Payment of contingent consideration payable |  | — |  |  |  | — |  |  |  | (1,805 | ) |  |  | — |  |  |  | — |  |  |  | (1,805 | )
Reclass of long term to short term contingent liabilities |  | — |  |  |  | — |  |  |  | 2,260 |  |  |  | (2,260 | ) |  |  | — |  |  |  | — |
Balance—at June 30, 2023 | $ | 6,462 |  |  | $ | 6,462 |  |  | $ | 4,119 |  |  | $ | 2,311 |  |  | $ | 27,155 |  |  | $ | 33,585 |

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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 Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c) -SubTopic 10 -Topic 820 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-3 + Details
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