FAIR VALUE OF FINANCIAL ASSETS AND LIABILITIES (Tables)

12 Months Ended

Dec. 31, 2023

Schedule of Reconciliation of the Beginning and Ending Balance and Gains or Losses Recognized

For the Company's assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3), the following table provides a reconciliation of the beginning and ending balances for each category therein and gains or losses recognized during the twelve months ended December 31, 2023 (in thousands):



	Contingent Consideration
*Balance at December 31, 2022	$	10,166
Acquisitions and settlements:
Acquisitions (Note 16)	2,682
Settlements	(5,833)
Total remeasurement adjustments:
Changes in fair value recorded in other (income) expense, net	1,738
*Balance at December 31, 2023	$	8,753


*Amounts included in other current liabilities were $5.4 million and $5.5 million for the periods ending December 31, 2023 and December 31, 2022, respectively. Amounts included in long-term liabilities were $3.4 million and $4.7 million for the periods ending December 31, 2023 and December 31, 2022, respectively.

Schedule of Quantitative Information About Level 3 Fair Value Measurements

The significant unobservable inputs used in the fair value measurement of the Company's contingent consideration liabilities designated as Level 3 are as follows:


Contingent consideration (in thousands, unaudited)	Fair Value at December 31, 2023		Valuation Technique	Significant Unobservable Inputs
Drydon, Cisco, Sullivan, Florida Valve, Riordan and Alliance acquisitions	$	8,753	Discounted cash flow and weighted probability of possible payments	Annualized EBITDA and probability of achievement