Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2025

Fair Value Measurements

Liabilities measured at fair value on a recurring basis

A summary of the Company’s liabilities measured at fair value on a recurring basis is as follows (in thousands):

	As of March 31, 2025								As of December 31, 2024
	Fair Value		Level 1		Level 2		Level 3		Fair Value		Level 1		Level 2		Level 3
Liabilities - Contingent consideration (a)	$	1,500	$	—	$	—	$	1,500	$	2,175	$	—	$	—	$	2,175

(a) Recorded as a component of “Accrued liabilities” and “Other liabilities, net of current portion” in the accompanying Condensed Consolidated Balance Sheets.

Reconciliation of the contingent consideration

The table below presents a reconciliation of the contingent consideration (in thousands):

	Total
Balance at January 1, 2025	$	2,175
Fair value adjustments		116
Cash payments		(791)
Balance at March 31, 2025	$	1,500

Summary of carrying value and fair value of senior secured credit facility

The following table summarizes the carrying value and estimated fair value of the Senior Secured Credit Facility (in thousands):

	March 31, 2025				December 31, 2024
	Carrying Amount		Fair Value Level 2		Carrying Amount		Fair Value Level 2
Senior Secured Credit Facility	$	439,905	$	422,826	$	440,843	$	435,022