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Fair Value Measurements | 12 Months Ended
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Dec. 31, 2024
Fair Value Disclosures [Abstract] |
Fair Value Measurements | Note 4. Fair Value Measurements The Company's liabilities measured at fair value on a recurring basis consisted of the following (in thousands):
|  |  |  | Fair value measurement at reporting date |
| As of December 31, 2024 |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |
Contingent consideration | $ | 500 |  |  | $ | — |  |  | $ | — |  |  | $ | 500 |
Total | $ | 500 |  |  | $ | — |  |  | $ | — |  |  | $ | 500 |
|  |  |  | Fair value measurement at reporting date |
| As of December 31, 2023 |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |
Contingent consideration | $ | 61,408 |  |  | $ | — |  |  | $ | — |  |  | $ | 61,408 |
Total | $ | 61,408 |  |  | $ | — |  |  | $ | — |  |  | $ | 61,408 |
The rollforward 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 December 31, 2024 |
Contingent consideration | $ | 61,408 |  |  | $ | (27,435 | ) |  | $ | (33,473 | ) |  | $ | 500 |
(1) Fair value adjustments on contingent considerations are reflected within Other income (expense), net in the Consolidated Statements of Income. The Company's contingent consideration obligations arise from acquisitions that involve a potential future payment of consideration that is contingent upon the achievement of certain financial or operational metrics. The contingent consideration is classified in the Consolidated Balance Sheets based on expected payment dates. As of December 31, 2024, $0.5 million was included within Other accrued liabilities in the Consolidated Balance Sheets. As of December 31, 2023, $25.8 million and $35.6 million were included within Other accrued liabilities and Other noncurrent liabilities, respectively, in the Consolidated Balance Sheets. For information related to the AccuTrade contingent consideration agreement, see Note 3 (Business Combinations). The Company expects to make the remaining payments on the contingent consideration in 2025.

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- Definition The entire disclosure of the fair value measurement of assets and liabilities, which includes financial instruments measured at fair value that are classified in shareholders' equity, which may be measured on a recurring or nonrecurring basis. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 820 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/820/tableOfContent + Details
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