Contingent Consideration

12 Months Ended

Dec. 31, 2023

(10) Contingent Consideration

The following table illustrates the Company’s contingent earn-out movements related to its business acquisitions for the years ended December 31, 2023, 2022 and 2021:


	Amount
Obligations at December 31, 2020	$	2,468
Purchase price adjustment		(955	)
Fair value adjustment		758
Accretion of discounted liabilities		(8	)
Payments on existing obligations		(1,301	)
Foreign exchange effect		(176	)
Obligations at December 31, 2021		786
Fair value adjustment		610
Accretion of discounted liabilities		27
Payments on existing obligations		(1,389	)
Foreign exchange effect		(34	)
Obligations at December 31, 2022	$	—

The Company did not have any contingent earn-out obligations as of December 31, 2023.

- Definition

The entire disclosure for loss and gain contingencies. Describes any existing condition, situation, or set of circumstances involving uncertainty as of the balance sheet date (or prior to issuance of the financial statements) as to a probable or reasonably possible loss incurred by an entity that will ultimately be resolved when one or more future events occur or fail to occur, and typically discloses the amount of loss recorded or a range of possible loss, or an assertion that no reasonable estimate can be made.

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