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Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2024
Fair Value Disclosures [Abstract]  
Schedule of Company's Liabilities Measured at Fair Value on a Recurring Basis

The Company's liabilities measured at fair value on a recurring basis consisted of the following (in thousands):

 

 

 

 

 

Fair value measurement at reporting date

 

 

Total as of
March 31, 2024

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

Contingent consideration

$

56,212

 

 

$

 

 

$

 

 

$

56,212

 

Total

$

56,212

 

 

$

 

 

$

 

 

$

56,212

 

 

 

 

 

 

Fair value measurement at reporting date

 

 

Total as of
December 31, 2023

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

Contingent consideration

$

61,408

 

 

$

 

 

$

 

 

$

61,408

 

Total

$

61,408

 

 

$

 

 

$

 

 

$

61,408

 

Schedule Of Contingent Consideration

The roll-forward of the Level 3 contingent consideration from December 31, 2023 is as follows (in thousands):

 

 

As of
December 31, 2023

 

 

Payment of Contingent Consideration

 

 

Fair Value
Adjustment
(1)

 

 

As of
March 31, 2024

 

Contingent consideration

$

61,408

 

 

$

(7,750

)

 

$

2,554

 

 

$

56,212

 

 

(1)
Fair value adjustments on contingent considerations are reflected within Other (expense) income, net in the Consolidated Statements of Income.