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Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2021

Fair Value Disclosures [Abstract]

Schedule of Derivative Instruments

The following tables show the liabilities measured at fair value for the above derivatives as of June 30, 2021, and December 31, 2020.

						Fair Value Measurements as of June 30, 2021
Description						Quoted Prices in Active Markets for Identical Assets (Level 1)						Significant Other Observable Inputs (Level 2)						Significant Unobservable Inputs (Level 3)
Derivative liability - other current liabilities						$	—					$	—					$	—
Derivative liability - other non-current liabilities						13,946						—						1,510
Total						$	13,946					$	—					$	1,510

						Fair Value Measurements as of December 31, 2020
Description						Quoted Prices in Active Markets for Identical Assets (Level 1)						Significant Other Observable Inputs (Level 2)						Significant Unobservable Inputs (Level 3)
Derivative liability - other current liabilities						$	—					$	—					$	2,453
Derivative liability - other non-current liabilities						—						—						664
Total						$	—					$	—					$	3,117

The following table presents the change in the above derivatives during the six months ended June 30, 2021.

						Six Months Ended June 30, 2021
Beginning balance						$	3,117
Issuances						15,121
Change in fair value (1)						223
Settlements						(3,005)
Ending balance						$	15,456

_______________________________

(1) Changes in the fair value are recognized in the “Other expense (income), net” line in the Condensed Consolidated Statements of Operations and Comprehensive Income (Loss).

Schedule of Interest Rate Derivatives

The following table presents the effect of the interest rate swap on the Condensed Consolidated Statements of Operations and Comprehensive Income (Loss).

						Three Months Ended June 30,												Six Months Ended June 30,
						2021						2020						2021						2020
Interest expense						$	—					$	3,436					$	—					$	4,806
Derivative payments on interest rate swap						—						—						1,717						—
Loss on interest rate swap						—						—						2,033						—

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

The following table presents the liabilities measured at fair value on a recurring basis for the interest rate swap as of December 31, 2020.

						Fair Value Measurements as of December 31, 2020
Description						Quoted Prices in Active Markets for Identical Assets (Level 1)						Significant Other Observable Inputs (Level 2)						Significant Unobservable Inputs (Level 3)
Derivative liability - other current liabilities						$	—					$	11,022					$	—
Derivative liability - other non-current liabilities						—						4,357						—
Total						$	—					$	15,379					$	—

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Tabular disclosure of pertinent information about a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item.

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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).

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Tabular disclosure of interest rate derivatives, including, but not limited to, the fair value of the derivatives, statement of financial position location, and statement of financial performance location of these instruments.

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