XML 49 R36.htm IDEA: XBRL DOCUMENT v3.24.0.1

FAIR VALUE MEASUREMENTS (Tables)

12 Months Ended

Dec. 31, 2023

Fair Value Disclosures [Abstract]

Schedule of Financial Instruments Measured at Fair Value on Recurring Basis

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

												As of December 31,
Financial Instruments Recorded at Fair Value on a Recurring Basis:						Fair Value Measurement Level						2023						2022
Assets:
Derivative assets—foreign currency contracts (1)						2						$	76					$	—
Derivative assets—interest rate swap contract (2)						2						16,248						23,410
Total assets												$	16,324					$	23,410
Liabilities:
Derivative liabilities—foreign currency contracts (3)						2						$	—					$	1,001
Contingent consideration—earn out (4)						3						15,000						22,747
Total liabilities												$	15,000					$	23,748

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

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

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

(4)Included in current and non-current contingent consideration in the accompanying consolidated balance sheets.

Schedule of Fair Value Contingent Consideration

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

			Year-ended December 31,
			2023						2022						2021
Contingent consideration, beginning of period			$	22,747					$	25,300					$	—
Acquisition date fair value of contingent consideration			—						—						21,500
Payments of contingent consideration			(12,445)						(12,555)						—
Change in fair value of contingent consideration			4,698						10,002						3,800
Contingent consideration, end of period			$	15,000					$	22,747					$	25,300

Schedule Of Fair Value Of Contingent Consideration

The following table reconciles the changes in fair value of contingent consideration and payments of contingent consideration to the accompanying consolidated statement of cash flows and consolidated statements of operations and comprehensive loss (in thousands):

			Year-ended December 31,
			2023						2022						2021
Total payment of contingent consideration			$	12,445					$	12,555					$	—
Less: amounts paid in excess of the acquisition date fair value of the contingent consideration (1)			(220)						(3,280)						—
Acquisition date fair value of contingent consideration (2)			$	12,225					$	9,275					$	—
Change in fair value of contingent consideration (3)			$	4,698					$	10,002					$	3,800
Less: amounts paid in excess of the acquisition date fair value of the contingent consideration (1)			(220)						(3,280)						—
Net change in fair value of contingent consideration (4)			$	4,478					$	6,722					$	3,800

(1)Included in the change in fair value of contingent consideration as an operating activity in the accompanying consolidated statement of cash flows.

(2)Agrees to the payments of acquisition related contingent consideration as a financing activity within the accompanying consolidated statement of cash flows.

(3)Agrees to the change in fair value of contingent consideration in the accompanying consolidated statement of operations and comprehensive loss.

(4)Agrees to the change in fair value of contingent consideration as an operating activity in the accompanying consolidated statement of cash flows.

Schedule of Financial Instruments Recorded at Carrying Amount

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

						As of December 31, 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)						$	403,825					$	357,498					$	476,070					$	393,236
Total liabilities						$	403,825					$	357,498					$	476,070					$	393,236

(1)Included in the current portion of notes payable and notes payable, net of current portion in the accompanying 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

Schedule Of Fair Value Of Contingent Consideration

+ References

No definition available.

+ Details

Name:	tra_ScheduleOfFairValueOfContingentConsiderationTableTextBlock
Namespace Prefix:	tra_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- 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://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482106/820-10-50-2

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-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

+ Details

Name:	us-gaap_FairValueAssetsMeasuredOnRecurringBasisTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

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

+ Details

Name:	us-gaap_FairValueDisclosureOfAssetAndLiabilityNotMeasuredAtFairValueTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_FairValueDisclosuresAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- 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://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)
-SubTopic 10
-Topic 820
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482106/820-10-50-2

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482106/820-10-50-3

+ Details

Name:	us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration