Fair Value of Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2022

Fair Value Disclosures [Abstract]

Schedule of Interest Rate Derivatives

The following is a summary of the interest rate swap activity:

	Three Months Ended
	March 31,				Recognized in Consolidated
	2022		2021		Statements of Operations
Interest rate swap:
Gain from change in fair value	$	12,084	$	13,661	Other income, net
Payments	294		301		Interest expense, net

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

The following tables provide the financial assets and financial liabilities carried at fair value measured on a recurring basis:

March 31, 2022	Level 1		Level 2		Level 3		Total
Assets:
Money market funds (1)	$	21	$	—	$	—	$	21
Interest rate swap (2)	—		22,201		—		22,201
Total assets	$	21	$	22,201	$	—	$	22,222
Liabilities:
Acquisition contingent consideration (3)	$	—	$	—	$	4,361	$	4,361
Deferred compensation plan liabilities (4)	97,061		—		—		97,061
Cash-settled equity awards (5)	497		—		—		497
Total liabilities	$	97,558	$	—	$	4,361	$	101,919

December 31, 2021	Level 1		Level 2		Level 3		Total
Assets:
Money market funds (1)	$	21	$	—	$	—	$	21
Interest rate swap (2)	—		10,117		—		10,117
Total assets	$	21	$	10,117	$	—	$	10,138
Liabilities:
Acquisition contingent consideration (3)	$	—	$	—	$	6,613	$	6,613
Deferred compensation plan liabilities (4)	102,199		—		—		102,199
Cash-settled equity awards (5)	353		—		—		353
Total liabilities	$	102,552	$	—	$	6,613	$	109,165

(1)Included in Cash and cash equivalents in the consolidated balance sheets.

(2)Included in Other assets in the consolidated balance sheets.

(3)Included in Other liabilities, except for current liabilities of $3,401 and $5,382 as of March 31, 2022 and December 31, 2021, respectively, which are included in Accruals and other current liabilities in the consolidated balance sheets. Acquisition contingent consideration liability is measured at fair value and is based on significant inputs not observable in the market, which represents a Level 3 measurement within the fair value hierarchy. The valuation of contingent consideration uses assumptions the Company believes would be made by a market participant.

(4)Included in Deferred compensation plan liabilities, except for current liabilities of $7,779 and $7,309 as of March 31, 2022 and December 31, 2021, respectively, which are included in Accruals and other current liabilities in the consolidated balance sheets.

(5)Included in Accruals and other current liabilities in the consolidated balance sheets.

Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation

The following table is a reconciliation of the changes in fair value of the Company’s financial liabilities which have been classified as Level 3 in the fair value hierarchy:

	Three Months Ended		Year Ended
	March 31, 2022		December 31, 2021
Balance, beginning of year	$	6,613	$	4,299
Payments	(2,721)		(2,371)
Addition	—		4,544
Change in fair value	500		294
Foreign currency translation adjustments	(31)		(153)
Balance, end of period	$	4,361	$	6,613