XML 59 R44.htm IDEA: XBRL DOCUMENT v3.25.4
Fair Value of Financial Instruments (Tables)
12 Months Ended
Dec. 31, 2025
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]
The tables below sets forth our fair value hierarchy for our financial assets and liabilities measured at fair value on a recurring basis as of December 31, 2025 and 2024.
Level 1Level 2Level 3Total
December 31, 2025
Assets:
Interest rate swaps$— $439 $— $439 
Convertible debt investment— — 34,079 34,079 
Deferred compensation assets— 50,927 — 50,927 
Total assets$— $51,366 $34,079 $85,445 
Liabilities:
Interest rate swap$— $3,832 $— $3,832 
Foreign exchange forward contracts— 349 — 349 
Contingent consideration for business acquisitions— — 23,274 23,274 
Total liabilities$— $4,181 $23,274 $27,455 
December 31, 2024
Assets:
Interest rate swaps$— $2,981 $— $2,981 
Convertible debt investment— — 62,344 62,344 
Deferred compensation assets— 42,083 — 42,083 
Total assets$— $45,064 $62,344 $107,408 
Liabilities:
Foreign exchange forward contracts$— $381 $— $381 
Contingent consideration for business acquisitions— — 221 221 
Total liabilities$— $381 $221 $602 
Convertible Debt Securities [Member]  
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]  
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]
The table below sets forth the changes in the balance of the convertible debt investment for the years ended December 31, 2025 and 2024.
Convertible Debt Investment
Balance as of December 31, 2023
$68,046 
Unrealized losses included in other comprehensive income (loss)(5,702)
Balance as of December 31, 2024
62,344 
Unrealized losses included in other comprehensive income (loss)(17,883)
Unrealized losses, net included in earnings(10,382)
Balance as of December 31, 2025
$34,079 
Contingent Consideration Liability [Member]  
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]  
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]
The table below sets forth the changes in the balance of the contingent consideration for business acquisitions for the years ended December 31, 2025 and 2024.
Contingent Consideration for Business Acquisitions
Balance as of December 31, 2023
$2,074 
Acquisition36 
Payment(1,356)
Change in fair value(533)
Balance as of December 31, 2024
221 
Acquisitions(1)
20,251 
Payment(150)
Change in fair value2,952 
Balance as of December 31, 2025(2)
$23,274 
(1)    Of the $20.3 million contingent consideration liabilities acquired in 2025, $15.4 million related to our second quarter business combination and $4.9 million related to the remaining acquisitions completed in 2025. The contingent consideration liabilities acquired represent the acquisition date fair values of the contingent consideration arrangements, pursuant to which we may be required to pay additional consideration to the sellers if specific revenues before reimbursable expenses targets are met over a specified period. The remaining aggregate maximum amount of contingent consideration that may be paid in connection with the 2025 business combinations is $44.0 million, which is payable, if earned, on a staggered basis through December 31, 2028.
(2)    Of the $23.3 million contingent consideration liability, $11.4 million was recorded to accrued expenses and other current liabilities and $11.9 million was recorded to deferred compensation and other liabilities in our consolidated balance sheet as of December 31, 2025.