Fair Value of Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2022

Fair Value Disclosures [Abstract]

Schedule of Interest Rate Derivatives

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

	Three Months Ended				Six Months Ended
	June 30,				June 30,				Recognized in Consolidated
	2022		2021		2022		2021		Statements of Operations
Interest rate swap:
Gain (loss) from change in fair value	$	7,406	$	(5,926)	$	19,490	$	7,735	Other income (expense), net
(Refunds) payments	(17)		316		277		617		Interest expense, net

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

Financial assets and financial liabilities carried at fair value measured on a recurring basis consist of the following:

June 30, 2022	Level 1		Level 2		Level 3		Total
Assets:
Money market funds (1)	$	19	$	—	$	—	$	19
Interest rate swap (2)	—		29,607		—		29,607
Total assets	$	19	$	29,607	$	—	$	29,626
Liabilities:
Acquisition contingent consideration (3)	$	—	$	—	$	1,923	$	1,923
Deferred compensation plan liabilities (4)	77,566		—		—		77,566
Cash-settled equity awards (5)	447		—		—		447
Total liabilities	$	78,013	$	—	$	1,923	$	79,936

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 $1,923 and $5,382 as of June 30, 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 $2,041 and $7,309 as of June 30, 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 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:

	Six Months Ended		Year Ended
	June 30, 2022		December 31, 2021
Balance, beginning of year	$	6,613	$	4,299
Payments	(5,059)		(2,371)
Addition	—		4,544
Change in fair value	500		294
Foreign currency translation adjustments	(131)		(153)
Balance, end of period	$	1,923	$	6,613