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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 Hierarchy of Assets and Liabilities | The table below presents information about the Company's assets and liabilities that are regularly measured and carried at fair value and indicates the level within the fair value hierarchy of the valuation techniques the Company utilized to determine fair value:
| June 30, 2024 |  | December 31, 2023
| Total | Level 1 | Level 2 | Level 3 |  | Total | Level 1 | Level 2 | Level 3
Assets: |  |  |  |  |  |  |  |  |
Money market accounts | $ | 10.9 |  | $ | 10.9 |  | $ | — |  | $ | — |  |  | $ | 40.5 |  | $ | 40.5 |  | $ | — |  | $ | — |
Total | $ | 10.9 |  | $ | 10.9 |  | $ | — |  | $ | — |  |  | $ | 40.5 |  | $ | 40.5 |  | $ | — |  | $ | — |
Liabilities: |  |  |  |  |  |  |  |  |
Contingent consideration | $ | 4.3 |  | $ | — |  | $ | — |  | $ | 4.3 |  |  | $ | 5.6 |  | $ | — |  | $ | — |  | $ | 5.6 |
Total | $ | 4.3 |  | $ | — |  | $ | — |  | $ | 4.3 |  |  | $ | 5.6 |  | $ | — |  | $ | — |  | $ | 5.6 |
Schedule of Contingent Consideration Roll Forward | The table below is a reconciliation of the beginning and ending balance of the Company's Level 3 contingent consideration liability:
|  | Contingent Consideration
Balance at December 31, 2023 |  | $ | 5.6 |
Change in fair value |  | 0.5 |
Settlements |  | (0.6) |
Balance at March 31, 2024 |  | $ | 5.5 |
Change in fair value |  | 0.1 |
Settlements |  | (1.3) |
Balance at June 30, 2024 |  | $ | 4.3 |
|  | Contingent Consideration
Balance at December 31, 2022 |  | $ | 8.0 |
Change in fair value |  | 0.3 |
Settlements |  | (0.7) |
Balance at March 31, 2023 |  | $ | 7.6 |
Change in fair value |  | 0.4 |
Settlements |  | (0.6) |
Balance at June 30, 2023 |  | $ | 7.4 |
Schedule of Fair Value Level 3 of Significant Unobservable Inputs | The recurring Level 3 fair value measurement for the Company's contingent consideration liability used the following significant unobservable inputs:
Contingent Consideration Liability | Fair Value as of June 30, 2024 | Valuation Technique | Unobservable Input | Range
Royalty based | $4.3 million | Discounted cash flow | Discount rate | 9.9%
Probability of payment | 0% - 50%
Projected year of payment | 2024 - 2028

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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 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://www.xbrl.org/2003/role/exampleRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 103 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482078/820-10-55-103 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (bbb)(2) -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 (bbb)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + 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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