Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2024

Schedule of assets and liabilities measured at fair value on a recurring basis

The following table summarizes the carrying amount and estimated fair value of the Company’s financial instruments at December 31, 2024 and 2023 (in thousands):

	As of December 31, 2024
	Carrying		Fair		Fair Value Measurements
	Amount		Value		Level 1		Level 2		Level 3
Liabilities
6.00% Convertible Debenture		173,150	$	173,150	$	—	$	—	$	173,150
Contingent consideration	$	60,746	$	60,746	$	—	$	—	$	60,746

	As of December 31, 2023
	Carrying		Fair		Fair Value Measurements
	Amount		Value		Level 1		Level 2		Level 3
Liabilities
Contingent consideration		126,216		126,216		—		—		126,216

Non-Recurring

Schedule of assets and liabilities measured at fair value on a recurring basis that have unobservable inputs

Financial Instrument	Valuation Technique	Unobservable Input	Range (weighted average)
Property, plant and equipment, net	Cost approach	Residual value	0.0% - 12.0%
Intangibles assets, net	Relief from royalty method	Royalty rate	0.1% - 2.0%
		Discount rate	15.0% - 20.5%
		Obsolescence factor	6.7% - 20.0%
	Multi-period excess earnings method	Discount rate	15.0% - 16.0%
Right of use assets related to operating leases, net	Income approach (DCF method)	Discount rate	5.4% - 11.1%

Contingent consideration

Schedule of assets and liabilities measured at fair value on a recurring basis that have unobservable inputs

In the consolidated balance sheets, contingent consideration is recorded in the contingent consideration, loss accrual for service contracts, and other liabilities financial statement line item, and was comprised of the following unobservable inputs for the year ended December 31, 2024:

Financial Instrument	Fair Value		Valuation Technique	Unobservable Input	Range (weighted average)
Contingent consideration	$	60,746	Scenario-based method	Credit spread	11.83%
				Discount rate	15.91% - 16.00%
		60,746

In the consolidated balance sheets, contingent consideration is recorded in the contingent consideration, loss accrual for service contracts, and other liabilities financial statement line item, and was comprised of the following unobservable inputs for the year ended December 31, 2023:

Financial Instrument	Fair Value		Valuation Technique	Unobservable Input	Range (weighted average)
Contingent consideration	$	126,216	Scenario-based method	Credit spread	13.61%
				Discount rate	17.71% - 19.06%
		126,216

Schedule of change in the carrying amount of contingent consideration

The change in the carrying amount of contingent consideration for the year ended December 31, 2024 was as follows (in thousands):

	Year ended
	December 31, 2024
Beginning balance as of December 31, 2023	$	126,216
Cash payments		(29,825)
Payment settled in common stock and warrants		(18,241)
Change in fair value of contingent consideration		(15,847)
Foreign currency translation adjustment		(1,557)
Ending balance as of December 31, 2024	$	60,746