Contingent Earn-Out Consideration

3 Months Ended

Mar. 31, 2022

Business Combinations [Abstract]

Contingent Earn-Out Consideration

NOTE 5. CONTINGENT EARN-OUT CONSIDERATION

The following table provides a reconciliation of our Level 3 earn-out liabilities for the three months ended March 31, 2022:

Balance, December 31, 2021	$	2,310
Acquisition date fair value of earn-out liabilities		6,550
Change in fair value of earn-out liabilities		80
Balance, March 31, 2022	$	8,940

The current portion of contingent earn-out liability is included in Other-current liabilities and the non-current portion is included in Other long-term liabilities on the Condensed Consolidated Balance Sheets. As of March 31, 2022, the current portion was $7,422. During the three months ended March 31, 2022, we reassessed the estimate of the earn-out liabilities which resulted in an increase of $80 classified as other expense within the Condensed Consolidated Statement of Operations and Comprehensive Income (Loss). We made no cash payments for contingent earn-out consideration during the three months ended March 31, 2022.