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Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2024

Fair Value Disclosures [Abstract]

Schedule of Fair Value Assets Measured on Recurring Basis

The following tables present assets and liabilities measured at fair value on a recurring basis as of second quarter-end 2024 and year-end 2023 in the consolidated balance sheet by fair value hierarchy level, as described below.

Level 1 measurements consist of unadjusted quoted prices in active markets for identical assets or liabilities. Level 2 measurements include quoted prices in markets that are not active or model inputs that are observable either directly or indirectly for substantially the full term of the asset or liability. Level 3 measurements include significant unobservable inputs.

						As of Second Quarter-End 2024
Description						Total						Level 1						Level 2						Level 3
						(In millions of dollars)
Money market funds						$	7.7					$	7.7					$	—					$	—
Foreign currency forward contract, net						0.2						—						0.2						—
Total assets at fair value						$	7.9					$	7.7					$	0.2					$	—
Brazil indemnification						$	(2.6)					$	—					$	—					$	(2.6)
EMEA staffing indemnification						(2.0)						—						—						(2.0)
MRP earnout						(3.4)						—						—						(3.4)
Total liabilities at fair value						$	(8.0)					$	—					$	—					$	(8.0)

						As of Year-End 2023
Description						Total						Level 1						Level 2						Level 3
						(In millions of dollars)
Money market funds						$	42.5					$	42.5					$	—					$	—
Total assets at fair value						$	42.5					$	42.5					$	—					$	—
Brazil indemnification						$	(3.0)					$	—					$	—					$	(3.0)
Foreign currency forward contract, net						(3.6)						—						(3.6)						—
Total liabilities at fair value						$	(6.6)					$	—					$	(3.6)					$	(3.0)

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- Definition

Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ 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

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- References

No definition available.

+ Details

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