Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2023

Fair Value Disclosures [Abstract]

Schedule of Fair Values of Financial Assets and Liabilities

The fair values of financial assets and liabilities that are recorded at fair value in the Condensed Consolidated Balance Sheets and not described above were as follows (in thousands):

	As of September 30, 2023								As of December 31, 2022
	Total		Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3
Financial assets:
Cash equivalents	$	307,420	$	307,420	$	—	$	—	$	191,881	$	191,881	$	—	$	—
Derivative financial instruments	41,537		—		41,537		—		38,671		—		38,671		—
Total financial assets	$	348,957	$	307,420	$	41,537	$	—	$	230,552	$	191,881	$	38,671	$	—
Financial liabilities:
Contingent consideration	$	992	$	—	$	—	$	992	$	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	134
Amounts paid to sellers	(1,000)
Contingent consideration liability - September 30, 2023	$	992

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 September 30, 2023				As of December 31, 2022
	Carrying Value		Fair Value		Carrying Value		Fair Value
Senior Notes(1)	$	300,000	$	277,254	$	300,000	$	270,993

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