Contingent Consideration

12 Months Ended

Dec. 31, 2022

Commitments and Contingencies Disclosure [Abstract]

The following table summarizes the changes in the carrying value of estimated contingent consideration:


	December 31, 2022		January 1, 2022
Contingent consideration, beginning of the year	$	8,328	$	2,400
Additions for acquisitions	6,299		5,133
Reduction of liability for payments made	(2,264)		(1,538)
Increase of liability related to re-measurement of fair value	2,972		2,333
Total contingent consideration, end of the period	15,335		8,328
Current portion of contingent consideration	10,854		5,807
Contingent consideration, less current portion	$	4,481	$	2,521

During 2022 and 2021, the Company recorded earn-out fair value adjustments of $2,972 and $2,333, respectively, that increased the contingent consideration liability of acquisitions.

- Definition

The entire disclosure for loss and gain contingencies. Describes any existing condition, situation, or set of circumstances involving uncertainty as of the balance sheet date (or prior to issuance of the financial statements) as to a probable or reasonably possible loss incurred by an entity that will ultimately be resolved when one or more future events occur or fail to occur, and typically discloses the amount of loss recorded or a range of possible loss, or an assertion that no reasonable estimate can be made.

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