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Fair Value (Tables)

6 Months Ended

Jun. 30, 2023

Fair Value Disclosures [Abstract]

Summary of Fair Value of Outstanding Borrowings

The table below presents the carrying and fair values of outstanding borrowings, which are classified as Level 2, as of the dates indicated (in thousands):

		As of
		June 30, 2023								December 31, 2022
		Carrying Value				Fair Value				Carrying Value				Fair Value
Borrowings		$	24,708			$	26,011			$	25,053			$	26,785

Schedule of Reported Fair values of Contingent Consideration and Warrant Liabilities

The table below presents the reported fair values of contingent consideration and warrant liabilities, which are classified as Level 3 in the fair value hierarchy, as of the dates indicated (in thousands):

Description		June 30, 2023				December 31, 2022
Current portion of contingent consideration		$	14,561			$	10,341
Contingent consideration			12,303				18,645
Total contingent consideration		$	26,864			$	28,986
Warrant liabilities		$	—			$	61

Schedule of Changes in Contingent Consideration and Warrant Liabilities

The following table presents the changes in contingent consideration and warrant liabilities for the dates indicated (in thousands):

		For the six months ended June 30, 2023
Level 3 Rollforward		Contingent Consideration				Warrant Liabilities
Beginning balances - January 1, 2023		$	28,986			$	61
Changes in fair value			—				(61	)
Interest expense			2,140				—
Payments			(4,262	)			—
Ending balances - June 30, 2023		$	26,864			$	—

The following table presents the changes in contingent consideration as of the date indicated (in thousands):

Level 3 Rollforward		For the six months ended June 30, 2022
Beginning balances - January 1, 2022		$	33,792
Interest expense			966
Loss on extinguishment of liabilities			2,934
Payments of contingent consideration			(6,625	)
Ending balances - June 30, 2022		$	31,067

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- References

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- Definition

Tabular disclosure of liabilities, 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). Where the quoted price in an active market for the identical liability is not available, the Level 1 input is the quoted price of an identical liability when traded as an asset.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258

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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

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)
-URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 3
-URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19279-110258

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Tabular disclosure of information pertaining to carrying amount and estimated fair value of short-term and long-term debt instruments or arrangements, including but not limited to, identification of terms, features, and collateral requirements.

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