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FAIR VALUE MEASUREMENTS (Tables)

6 Months Ended

Jun. 30, 2023

Fair Value Disclosures [Abstract]

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis

The following table presents information about the fair value measurement of the Company’s financial instruments (in thousands):

Financial Instruments Recorded at Fair Value on a Recurring Basis:						Fair Value Measurement Level						As of June 30, 2023						As of December 31, 2022
Assets:
Derivative assets—interest rate swap contract (1)						2						$	24,033					$	23,410
Total assets												$	24,033					$	23,410
Liabilities:
Derivative liabilities—foreign currency contracts (2)						2						$	1,647					$	1,001
Contingent consideration—earn out (3)						3						13,110						22,747
Total liabilities												$	14,757					$	23,748

(1)Included in prepaid expenses and other current assets and other non-current assets in the accompanying condensed consolidated balance sheets.

(2)Included in other current liabilities in the accompanying condensed consolidated balance sheets.

(3)Included in current contingent consideration in the accompanying condensed consolidated balance sheets.

Schedule of Fair Value Contingent Consideration

The following table presents the fair value contingent consideration (in thousands):

			Three Months Ended June 30,												Six Months Ended June 30,
			2023						2022						2023						2022
Contingent consideration, beginning of period			$	23,790					$	27,000					$	22,747					$	25,300
Payments of contingent consideration			(12,445)						(12,555)						(12,445)						(12,555)
Change in fair value of contingent consideration			1,765						255						2,808						1,955
Contingent consideration, end of period			$	13,110					$	14,700					$	13,110					$	14,700

Schedule of Financial Instruments Recorded at Carrying Amount

The following financial instruments are recorded at their carrying amount (in thousands):

						As of June 30, 2023												As of December 31, 2022
Financial Instruments Recorded at Carrying Amount:						Carrying Amount						Estimated Fair Value						Carrying Amount						Estimated Fair Value
Liabilities:
Debt—Credit Facilities (1)						$	403,945					$	336,191					$	476,070					$	393,236
Total liabilities						$	403,945					$	336,191					$	476,070					$	393,236

(1)Included in current portion of notes payable and notes payable, net of current portion within the accompanying condensed consolidated balance sheets. Due to the unobservable nature of the inputs these financial instruments are considered to be Level 3 instruments in the fair value hierarchy.

X

- Definition

Tabular disclosure of information about fair value of asset and liability not measured at fair value.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2E
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482106/820-10-50-2E

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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

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-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)
-SubTopic 10
-Topic 820
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- Definition

Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, 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/2003/role/disclosureRef
-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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-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

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