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FAIR VALUE MEASUREMENTS (Tables) | 6 Months Ended
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Jun. 30, 2024
Fair Value Disclosures [Abstract] |
Schedule of Fair Value of Financial Assets and Liabilities | The following table sets forth the fair value of the financial assets and liabilities that the Company re-measures on a regular basis:
(in millions) | Level 1 |  | Level 2 |  | Level 3 |  | Total
June 30, 2024 |  |  |  |  |  |  |
Money market funds (a) | $ | 6.4 |  |  | $ | — |  |  | $ | — |  |  | $ | 6.4 |
Corporate bonds and notes | 1.4 |  |  | 2.9 |  |  | — |  |  | 4.3 |
Municipal bonds | — |  |  | 0.6 |  |  | — |  |  | 0.6 |
Contingent consideration | — |  |  | — |  |  | — |  |  | — |
Total | $ | 7.8 |  |  | $ | 3.5 |  |  | $ | — |  |  | $ | 11.3 |
(a)Money market funds are primarily comprised of exchange traded funds and accrued interest.
(in millions) | Level 1 |  | Level 2 |  | Level 3 |  | Total
December 31, 2023 |  |  |  |  |  |  |
Money market funds (a) | $ | 2.2 |  |  | $ | — |  |  | $ | — |  |  | $ | 2.2 |
Corporate bonds and notes | — |  |  | 8.3 |  |  | — |  |  | 8.3 |
Municipal bonds | — |  |  | 0.5 |  |  | — |  |  | 0.5 |
Contingent consideration | — |  |  | — |  |  | (5.4) |  |  | (5.4) |
Total | $ | 2.2 |  |  | $ | 8.8 |  |  | $ | (5.4) |  |  | $ | 5.6 |
(a)Money market funds are primarily comprised of exchange traded funds and accrued interest.
Schedule of Change in Fair Value of Contingent Consideration | The following table reconciles the change in the fair value of the contingent consideration during the periods presented:
(in millions) | Carrying Amount
Balance at December 31, 2023 | $ | 5.4 |
Change in fair value recognized in the Statements of Operations | 0.5 |
Payment of contingent consideration | (5.8) |
Translation adjustments recognized in Other comprehensive loss | (0.1) |
Ending balance at June 30, 2024 | $ | — |

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- Definition Tabular disclosure of financial instrument measured at fair value on recurring or nonrecurring basis. Includes, but is not limited to, instrument classified in shareholders' equity. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 3: http://www.xbrl.org/2003/role/exampleRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 100 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482078/820-10-55-100 Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-3 + Details
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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://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-3 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
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