Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2021

Fair Value Disclosures [Abstract]

Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation

The following table presents a reconciliation of the Company’s Level 3 indemnification asset measured and recorded at fair value on a recurring basis as of December 31, 2021 and 2020:

(in thousands)	2021		2020
Balance as of January 1,	$	—	$	29,789
Change in fair value	—		(3,878)
Transfer out from Level 3 to Level 1 upon the direct listing	—		(25,911)
Balance as of December 31,	$	—	$	—

Schedule of Carrying Values and Estimated Fair Values of Debt Instruments

The following table sets forth the carrying amount and fair value of the New Term Loan and Senior Term Loan:

	December 31, 2021				December 31, 2020
(in thousands)	Carrying Amount		Fair Value		Carrying Amount		Fair Value
New Term Loan, net	$	522,547	$	533,651	$	—	$	—
Senior Term Loan, net	—		—		449,165		441,742

Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation

The following table presents a reconciliation of the Company’s stock option liability measured and recorded at fair value on a recurring basis as of December 31, 2021 and 2020:

(in thousands)	2021		2020
Balance as of January 1	$	—	$	43,026
Settlement of stock options	—		(896)
Exercise of stock options	—		(235)
Change in fair value	—		(9,656)
Amortization of grant date fair value	—		5,422
Reclassification from liability to equity, as of October 1, 2020 (1)	—		(37,661)
Balance as of December 31,	$	—	$	—

(1)    As of October 1, 2020, based on the Company’s intention and ability to equity-settle upon exercise, these stock options were classified as equity awards, and the liability associated with stock-based compensation awards was reclassified to Additional paid-in capital.