Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2023

Fair Value Disclosures [Abstract]

Schedule of Fair Values of Financial Assets and Liabilities

Fair value in the Condensed Consolidated Balance Sheets and not described above were as follows (in thousands):

	As of March 31, 2023								As of December 31, 2022
	Total		Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3
Financial assets:
Cash equivalents	$	197,910	$	197,910	$	—	$	—	$	191,881	$	191,881	$	—	$	—
Derivative financial instruments	30,020		—		30,020		—		38,671		—		38,671		—
Total financial assets	$	227,930	$	197,910	$	30,020	$	—	$	230,552	$	191,881	$	38,671	$	—
Financial liabilities:
Contingent consideration	$	968	$	—	$	—	$	968	$	1,858	$	—	$	—	$	1,858
Derivative financial instruments	1,014		—		1,014		—		—		—		—		—
Total financial liabilities	$	1,982	$	—	$	1,014	$	968	$	1,858	$	—	$	—	$	1,858

Summary of Change in Fair Value of Contingent Consideration

The change in fair value of the contingent consideration (a Level 3 input) was as follows (in thousands):

Contingent consideration liability - January 1, 2023	$	1,858
Accretion in value	110
Amounts paid to sellers	(1,000)
Contingent consideration liability - March 31, 2023	$	968

Summary of Carrying Values and Associated Fair Values of Financial Assets and Liabilities

The Senior Notes represent a Level 2 fair value measurement and are as follows (in thousands):

	As of March 31, 2023				As of December 31, 2022
	Carrying Value		Fair Value		Carrying Value		Fair Value
Senior Notes(1)	$	300,000	$	278,709	$	300,000	$	270,993

(1)Excludes the impact of unamortized debt issuance costs.