Fair Value (Tables)

3 Months Ended

Mar. 31, 2021

Fair Value Disclosures [Abstract]

Summary of Fair Value of Outstanding Borrowings

The fair values of outstanding borrowings, which are classified as Level 2, approximate their carrying values at March 31, 2021 and December 31, 2020, based on interest rates currently available for similar borrowings and were (in thousands):

	As of
	March 31, 2021				December 31, 2020
	Carrying Value		Fair Value		Carrying Value		Fair Value
Borrowings	$	33,035	$	33,035	$	27,766	$	27,766

Schedule of Reported Fair values of Contingent Consideration

The table below presents the reported fair values of contingent consideration, which is classified as Level 3 in the fair value hierarchy, as of the dates indicated (in thousands):

Description	March 31, 2021		December 31, 2020
Contingent consideration	$	30,915	$	29,932

Schedule of Changes in Contingent Consideration and Financial Liabilities

The following table presents the changes in contingent consideration for the three month period ending March 31, 2021 (in thousands):

Level 3 Rollforward
Beginning balances - January 1, 2021	$	29,932
Changes in fair value		983
Ending balances - March 31, 2021	$	30,915

The following table presents the changes in these financial liabilities for the three month period ending March 31, 2020 (in thousands):

	For the Three Months Ended March 31, 2020
Level 3 Rollforward	Contingent Consideration		Put Option Liability		Warrant Liability			Contingent Value Rights
Beginning balances - January 1, 2020	$	29,114	$	3,261	$	372		$	60
Additions		—		1,996		—			—
Changes in fair value		957		—		(51	)		—
Ending balances - March 31, 2020	$	30,071	$	5,257	$	321		$	60