FAIR VALUE MEASUREMENTS (Tables)

3 Months Ended

Mar. 31, 2022

Fair Value Disclosures [Abstract]

Financial Assets and Liabilities Measured at Fair Value on a Recurring Basis

The following tables present the fair values of the Company’s financial assets and liabilities measured at fair value on a recurring basis as of March 31, 2022 and December 31, 2021:

	As of March 31, 2022
	Balance		Level 1		Level 2		Level 3
Foreign exchange derivative assets	$	145	$	—	$	145	$	—
Rights to acquire noncontrolling interest in consolidated subsidiaries	1,066		—		—		1,066
Total assets measured at fair value on a recurring basis	$	1,211	$	—	$	145	$	1,066
Foreign exchange derivative liabilities	$	47,733	$	—	$	47,733	$	—
Contingent consideration	27,992		—		—		27,992
Total liabilities measured at fair value on a recurring basis	$	75,725	$	—	$	47,733	$	27,992

	As of December 31, 2021
	Balance		Level 1		Level 2		Level 3
Foreign exchange derivative assets	$	1,429	$	—	$	1,429	$	—
Rights to acquire noncontrolling interest in consolidated subsidiaries	6,093		—		—		6,093
Total assets measured at fair value on a recurring basis	$	7,522	$	—	$	1,429	$	6,093
Foreign exchange derivative liabilities	$	5,849	$	—	$	5,849	$	—
Contingent consideration	23,114		—		—		23,114
Total liabilities measured at fair value on a recurring basis	$	28,963	$	—	$	5,849	$	23,114

Acquisition-Related Contingent Consideration Roll Forward

A reconciliation of the beginning and ending balances of Level 3 acquisition-related contingent consideration using significant unobservable inputs for the three months ended March 31, 2022 is as follows:

	Amount
Contingent consideration liabilities as of January 1, 2022	$	23,114
Acquisition date fair value of contractual contingent liabilities - 2022 Acquisition	1,784
Changes in fair value of contingent consideration included in Interest and other (loss)/income, net	3,373
Effect of net foreign currency exchange rate changes	(279)
Contingent consideration liabilities as of March 31, 2022	$	27,992

See Note 2, “Impact of the Invasion of Ukraine” for discussion of the nonrecurring level 3 fair value assessment used in the impairment tests of long-lived assets in Russia.

Estimated Fair Values of Financial Assets and Liabilities not Measured at Fair Value on Recurring Basis

The following tables present the estimated fair values of the Company’s financial assets and liabilities not measured at fair value on a recurring basis as of the dates indicated:

					Fair Value Hierarchy
	Balance		Estimated Fair Value		Level 1		Level 2		Level 3
March 31, 2022
Financial Assets:
Cash equivalents:
Money market funds	$	63,817	$	63,817	$	63,817	$	—	$	—
Total cash equivalents	$	63,817	$	63,817	$	63,817	$	—	$	—
Restricted cash	$	31,464	$	31,464	$	31,464	$	—	$	—
Employee loans	$	922	$	922	$	—	$	—	$	922
Financial Liabilities:
Short term debt	$	9,900	$	9,900	$	—	$	9,900	$	—
Borrowings under the 2021 Credit Agreement	$	25,000	$	25,000	$	—	$	25,000	$	—
Other long term debt	$	5,550	$	5,550	$	—	$	5,550	$	—

					Fair Value Hierarchy
	Balance		Estimated Fair Value		Level 1		Level 2		Level 3
December 31, 2021
Financial Assets:
Cash equivalents:
Money market funds	$	78,302	$	78,302	$	78,302	$	—	$	—
Total cash equivalents	$	78,302	$	78,302	$	78,302	$	—	$	—
Restricted cash	$	2,722	$	2,722	$	2,722	$	—	$	—
Employee loans	$	818	$	818	$	—	$	—	$	818
Financial Liabilities:
Short term debt	$	16,018	$	16,018	$	—	$	16,018	$	—
Borrowings under the 2021 Credit Agreement	$	25,000	$	25,000	$	—	$	25,000	$	—
Other long term debt	$	5,234	$	5,234	$	—	$	5,234	$	—